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.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
