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.
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 […]
