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.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
