Romania's primary energy resources over January 1 - May 31, 2024 were 5 percent down year-over-year, with the country's main primary energy resources in the reporting period amounting to 12.801 million toe, by 669,800 toe less compared to the year-ago period, shows data released by the National Institute of Statistics (INS) on Monday.The country's electricity resources were 2.4 percent down from the same period of 2023.The domestic energy output amounted to 7.248 million toe, down by 347,700 toe (-4.6 percent) from the year-ago period, and imports stood at 5.553 million toe (-5.5 percent).Electricity resources over the reporting period totaled 27.855 billion kWh, by 697.1 million kWh less compared to the same period last year.The output of thermal power plants was of 7 billion kWh, down by 501.9 million kWh (-6.7 pct). The hydropower output stood at 7.245 billion kWh, down by 1.791 billion kWh (-19.8 pct) year-over-year, and that of the Cernavoda nuclear power plant was 4.677 billion kWh, up by 57.4 million kWh (+1.2 pct).The wind power output in the first five months of the year stood at 3.063 billion kWh, by 583.9 million kWh less compared to the same period of the previous year, and the photovoltaic energy produced in the reporting period amounted to 1.217 billion kWh, by 444.1 million kWh more compared to the same period of 2023.The final electricity consumption in this period was of 20.656 billion kWh, by 0.3 percent lower year-over-year, while the final electricity consumption dipped 0.1 percent.Public lighting consumption was 4.9 percent lower, while household consumption slid 0.4 percent.Electricity exports in the reporting period stood at 4.941 billion kWh, by 541.7 million kWh less year-over-year, while the own technological consumption in networks and transformer stations was 2.259 billion kWh, by 103.4 million kWh less.
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
This year's edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra […]
Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies. Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman […]
Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD […]
The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes. Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters, […]
