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.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
