Romania's gas imports in the first two months of 2022 stood at 500,400 tons of oil equivalent (toe), up 16.9 percent YoY, show figures centralized by the National Institute of Statistics (INS).The domestic gas production over January - February 2022 amounted to 1.174 million toe, 6 percent (75,600 toe) less than in the first two months of 2021.According to estimates by the National Strategy and Forecast Commission, Romania's natural gas production this year will amount to 7.45 million toe and imports are seen at 2.33 million toe, up 1.9 percent and 19.6 percent down from 2021, respectively.According to the "2019 - 2030 Energy Strategy With Outlook to 2050" published on the website of the Energy Ministry, Romania's natural gas production will peak at 132 TWh in 2025 due to the Black Sea production, and will subsequently decrease to 96 TWh in 2030 and 65 TWh in 2050.The final natural gas consumption will keep constant between 2030 and 2050 at 68 TWh, with demand seen at an estimated high around 73 TWh, while the low is set to progressively decline from 63 TWh in 2030 to 47 TWh in 2050.
Romania’s current account (CA) deficit widened by 1.9% y/y to EUR 3.19 billion in October 2025, bringing the deficit in the rolling 12-month period to EUR 29.8 billion – up 9.5% y/y and at 8.2% of the GDP, according to data published by the National Bank (BNR). The CA-to-GDP ratio was 8.2% for the previous […]
Wizz Air officially reopened its base in Suceava, northeastern Romania, on Monday, December 15, marking a key step in its local expansion. With the allocation of two next-generation Airbus A321neo aircraft, the airline now operates a total of 41 aircraft in Romania, with two additional planes already announced for 2026. The reopening coincides with the […]
The Romanian Parliament rejected on Monday, December 15, a no-confidence motion against the government led by Liberal (PNL) prime minister Ilie Bolojan, with the initiative falling well short of the votes required to bring down the cabinet. The motion received 139 votes in favor, far below the 232 needed for adoption, according to
Dragos Dobrescu, founder of Monolit and the visionary behind the Vitalitas senior care campus There are entrepreneurs who build businesses, and then there are entrepreneurs who build standards. Dragos Dobrescu, founder of Monolit and one of the discreet architects of Romania’s modern urban landscape, belongs firmly to the latter category. For more than three decades, […]
“Garden of Memories,” a civic initiative meant to commemorate the 1989 Revolution that led to the fall of communism in Romania, is set to take place between December 19-20 around the Memorial of Rebirth, in Bucharest’s Revolution Square. Organized by the Streets for People Association, together with the Bucharest City Hall and the Museum of […]
Runware, a startup founded by two Romanian entrepreneurs, announced last week that it has secured a USD 50 million Series A funding round led by Dawn Capital, one of the largest European investors in B2B software companies. The round also included Comcast Ventures, Speedinvest, Insight Partners, and a16z Speedrun. The company founded by Flaviu Rădulescu and […]
