Romania imported a quantity of natural gas of 1.186 million tonnes of oil equivalent (toe), in January-August 2024, by 6.2pct (-77,900 toe) less than in the similar period last year, according to the data centralized by the National Institute of Statistics (INS).The domestic production of natural gas totaled, in the mentioned period, 5.056 million toe, being 1.4% above that of the period January-August 2023 (+69,000 toe).According to the estimates of the National Commission for Strategy and Prognosis, the production of natural gas would increase in Romania, between 2024 and 2027, with an average annual rate of 1.7%, after an advance of 1.4% recorded in 2023.Thus, according to the latest Forecast of the energy balance, Romania will have a production of 7.675 million tonnes of oil equivalent in 2024, up by 0.6%, 7.79 million toe (plus 1.5%) in 2025, 7.907 million toe (plus 1.5%) in 2026, and 8.176 million toe (plus 3.4%) in 2027.As far as imports are concerned, Romania is forecasted to have an increase of over 10% in 2024, after which a downward trend is expected, with a more pronounced rhythm in the horizon of 2027 (-6%), in concordance with the advance of production through the entry into operation of new capacities, but also taking into account the transit to be maintained to foreign markets.CNSP estimates for 2024 imports of 2.392 million toe (plus 11.1%), for 2025 imports of 2.211 million toe (minus 7.6%), for 2026 imports of 2.150 million toe (minus 2.7%) and for 2027 imports of of 2.022 million toe (minus 6%).
The Bucharest National Opera will open the Romania–Italy Cultural Year 2026 with a gala concert in Rome on December 1, Romania’s National Day. The event, hosted at the prestigious Teatro dell’Opera di Roma, is organized by the Romanian Embassy in Italy in partnership with the Bucharest National Opera and supported by Romania’s Ministry of Foreign […]
German company Henkel, with over 500 employees in Romania, has opened a new headquarters in Bucharest, marking a fresh chapter in its three-decade presence in the local market. The space blends Henkel’s “Smart Work” concept with Romanian cultural design elements inspired by Constantin Brâncuși and traditional motifs, while a dedicated quiet zone pays tribute to […]
A couple of years ago, Romania’s Defense Ministry concluded a USD 400 million deal with Israeli company Elbit for the development of seven Watchkeeper X systems, which will be used to detect Russian operations near the border areas. The drones will be delivered in a few months, according to the manufacturer, as reported by Digi24. […]
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
