Romania's primary energy resources decreased by 2.9%, in the first six months of the current year, compared to the same period in 2023, and those of electric energy decreased by 1.5%, according to the data published on Tuesday , by the National Institute of Statistics (INS).In the analysed interval, the main primary energy resources totaled 15.658 million tonnes of oil equivalent (toe), down by 472,200 toe.Also, domestic production amounted to 8.535 million tep, down by 505,800 tep (-5.6%), from one year to another, while import was 7.123 million, up by 33,600 tep (+0, 5%).According to the cited source, in the first semester of 2024, electricity resources totaled 33.221 billion kWh, down by 501.4 million kWh compared to the period from January 1 to June 30, 2023.At the same time, production from thermal power plants was 8.351 billion kWh, down by 30.9 million kWh (-0.4%), and production from hydropower plants was 8.631 billion kWh, 24.1% below the level of the first six months of last year.The production from nuclear power plants amounted to 5.178 billion kWh, down by 166.7 million kWh (-3.1%), compared to the analysis interval.At the same time, the production from wind power plants was 3.414 billion kWh, down by 581 million kWh, and the solar energy produced in photovoltaic installations reached 1.673 billion kWh, up by 643.9 million kWh, compared to last in June of 2023.Overall, in the first half of this year, the final consumption of electricity was 24.765 billion kWh, 0.8% higher compared to the same period in 2023. In the context, the final consumption in the economy increased by 0, 8%, population consumption increased by 0.7% and public lighting decreased by 3.8%.The export of electricity was 5.875 billion kWh, down by 557.3 million kWh, and the own technological consumption in networks and stations was at 2.580 billion kWh, lower by 131 million kWh.
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 […]
