Romania produced, in the first semester of 2024 a quantity of crude oil of over 1,353 million tons of oil equivalent (toe), 53,200 toe less (-3.8%) than during the same period of the previous year, according to the data centralised by the National Institute for Statistics. (INS). Imports of cruide oil were, in the mentioned period, 3.376 million toe, being 707.300 toe below those recorded in January - June 2023 (-17.3%). The latest Energy Balance Forecast, published by the National Strategy and Forecast Commission (CNSP) estimates that the crude oil production will decrease until 2027 at an average of 2.5% annual rate. Thus, in 2024, a quantity of crude oil of 2.82 million toe (minus 3.1% compared to 2023) will be extraxcted in 2025 to 2.74 million toe (minus 2.8%)in 2026 to 2.68 milion toe (minus 2.2%) and in 2027 of 2.63million toe (minus 1.9%). According to CNSP this decrease will be the consequence of the natural decline of deposits and the maintenance of existing production units. The import of crude oil will increase from 7.35 million toe in 2023 to 7.8 million toe in 2027, with an average annual rate of 1.5%. After a 13.7% decline forecast for 2024 to 6.34 million toe, imports will increase by 10.4% in 2025 to 7 million toe, by 7.4% in 2026 to 7.52million toe and by 7.8% in 2027.
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of 162.3 million euros in the first half of 2025, up 15% year-on-year (YoY), and a gross profit of 59.8 million euros, up 12% YoY, while the net profit stood at 49.6 million euros, up 8% […]
The Romanian government adopted on Thursday, August 28, the ordinance by which the annual road vignette for cars increases from EUR 28 to EUR 50. At the same time, fines will be doubled starting the second week of September, Biziday.ro reported. The provisions of this ordinance shall enter into force within 10 days from the date […]
Ricky Martin will perform in Bucharest on December 16 as part of his Ricky Martin Live 2025 world tour, bringing his high-energy show to Romexpo Hall. The international superstar, known for fusing Latin rhythms with pop and global influences, is set to deliver a vibrant performance in Romania, according to the organizers. During the Bucharest […]
Romania’s famous George Enescu International Festival is set to expand in 2025 across the country and in the Republic of Moldova. Alongside the main program held in the capital, in emblematic halls such as the Romanian Athenaeum, the Radio Hall, the Bucharest National Opera, the Bucharest National Theatre, and others, the Enescu Festival reaches over […]
Three Turkish citizens, including the alleged coordinator of recent shootings in Bucharest's Old Town, have been detained by Romanian police while attempting to leave the country. The three were stopped near the Nădlac border crossing, located in western Romania, after police set up several checkpoints...
The Romanian frigate ‘Regina Maria’ has departed from the Black Sea port of Constanța to take command of NATO’s Operation Sea Guardian for the second time in five years, the Naval Forces announced. The NATO task group will also include a Croatian naval vessel, an Italian submarine, and a Portuguese Air Force aircraft. The Romanian […]
