Primary energy resources decreased in the first ten months of 2023 by 1.8pct, and those of electrical energy increased by 1.8pct, compared to the same period in 2022, the National Institute of Statistics announced on Thursday.The main primary energy resources, during the period January 1 - October 31, 2023, totaled 27.561 million tons of oil equivalent (toe), down by 491,200 toe compared to the same period of the previous year.Domestic production amounted to 14.990 million toe, an increase of 22,000 toe (+0.1pct) compared to the period January 1 - October 31, 2022, and the import was 12.571 million toe, a decrease of 513,200 toe (-3, 9pct).In this period, electricity resources were 53.984 billion kWh, an increase of 933.5 million kWh compared to the corresponding period of 2022.Production from thermal power plants was 14.232 billion kWh, down by 3.333 billion kWh (-19.0%). Production from hydropower plants was 15.934 billion kWh, up by 4.042 billion kWh (+34.0pct), and that from nuclear-electric power plants was 9.310 billion kWh, up by 239.1 million kWh ( +2.6pct).The production from wind power plants, ten months into 2023, was 6.194 billion kWh, an increase of 367.4 million kWh compared to the same period of the previous year, and the solar energy produced in photovoltaic installations in this period of was 1.533 billion kWh, down by 123.4 million kWh compared to the corresponding period of 2022.The final consumption of electricity in this period was 40.493 billion kWh, 6.3pct lower than the corresponding period of 2022, while the final consumption of electricity in the economy decreased by 4.9pct; public lighting decreased by 21.1pct, and population consumption dipped by 9.8pct.The export of electricity was 9.439 billion kWh, an increase of 3.751 billion kWh.Own technological consumption in networks and stations was 4.052 billion kWh, down by 107.2 million kWh.
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 […]
