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.
On March 22, 2025, Romania will join millions globally in marking the 19th edition of Earth Hour, a powerful movement organized to raise awareness about environmental issues. This year's Earth Hour coincides with World Water Day, with initiatives emphasizing the need to protect and regenerate vital water resources. In Romania, WWF said it is using […]
Soulmates Ventures, a Prague-based Venture Capital (VC) firm, is strengthening its commitment to sustainable innovation with a EUR 50 million fund, increasing initial investments to up to EUR 3 million per startup, with follow-on funding totalling up to EUR 5 million to ensure long-term support. Investing under Article 9 of the SFDR, the accelerator and […]
The Public Transport Company of Timișoara (STPT), a major city in western Romania, said it will discontinue its electric scooter service, TroTM, starting this year. The decision comes due to concerns about the service’s efficiency and economic sustainability. Despite initial expectations, the TroTM service has seen limited usage, with only 350 users per month and […]
The Environmental Guard has fined Bucharest City Hall RON 100,000 (over EUR 20,000) for failing to implement several environmental measures, particularly regarding air quality and green space management. The sanction follows repeated inspections that revealed the municipality’s failure to comply with previous directives, according to the official announcement. One of the major issues identified is […]
The Babuk cybercrime network claims to have breached the system of the French telecommunications company Orange again on March 17, after the February 23 security breach, and stolen massive amounts of data. Now, the hackers threaten to make some of it public. In February, Romania’s National Cybersecurity Directorate, or DNSC, reported that the breach impacted […]
The isolationist far-right candidate, be it George Simion or Anamaria Gavrila, would win the first round of the presidential elections – but not at a wide margin, and either of them would lose in the second round against Bucharest mayor Nicusor Dan, according to a poll carried out by AtlasIntel for
