Romania's primary energy resources increased by 10.8% in the first seven months of the current year, compared to the similar period in 2020, and those of electricity increased by 10.6%, according to data released by the National Institute of Statistics (INS) on Monday.The final electricity consumption stood at 32.459 billion kWh, in the same reference period, 7% higher, and public lighting decreased by 3.1%, while the consumption of the population increased by 8%.According to the official statistics, between January and July 2021, the main primary energy resources totaled 19.752 million tonnes of oil equivalent (toe), increasing by 1.935 million toe, compared to the same period last year.In this context, domestic production amounted to 10.908 million toe, 490,700 toe more than in the first seven months of 2020, and imports amounted to 8.845 million toe.According to the INS, compared to the reference period, the electricity resources were of 40.275 billion kWh, up 3.859 billion kWh.At the same time, the production from thermal power plants stood at 12.630 billion kWh, up 1.472 billion kWh (+ 13.2%).Also, the production from hydropower plants increased by 31.6%, up to 12.049 billion kWh, and that from nuclear power plants was 6.249 billion kWh, down 224.6 million kWh (-3.5%).INS show that the production from wind power plants, between January 1 and July 31, 2021, was 3.781 billion kWh, down 479.6 million kWh compared to the same period last year, while solar energy produced in photovoltaic installations was 1.09 billion kWh, down 0.5 million kWh.At the level of exports, the amount of exported electricity was 4.414 billion kWh, up 1.519 billion kWh.At the same time, its own technological consumption in networks and stations was 3.402 billion kWh, with 202.2 million kWh above the value recorded in the first seven months of 2020.
BCR achieved a net profit of RON 1,473 million (EUR 294 million) in H1 2025, up by 12.0% against RON 1,314 million (EUR 264 million) in H1 2024, driven by improved operating result underpinned by advance in customer business. The operating result improved by 11.9% to RON 2,084 million (EUR 417 million) in H1 2025, […]
Prices for an array of goods and services will rise in August after the Romanian government increased VAT and excise duties. Train tickets, communications, retail goods, and health contributions for previously exempted categories are set to take effect. To tackle an out-of-control deficit, the government decided to increase the standard VAT rate from 19% to […]
US Secretary of State Marco Rubio, on July 31, had a conversation with Romanian Foreign Minister Oana Țoiu about the most important aspects of bilateral relations. In a post on X, Țoiu said her visit to the US, planned for September, would prepare President Nicușor Dan's official visit to Washington early next year. I had […]
Romanian technology group Visual Fan, best known for its consumer electronics brand Allview, announced that it has signed a partnership with Trina Storage, the energy storage division of the Chinese company Trina Solar, for the development of a battery energy storage system in Topliţa, with a capacity of 65 MWh. This is the first project […]
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective) […]
