Romania's national electricity consumption decreased by 6.7% in the first nine months of the year, compared to the similar period of 2022, totaling 36.529 billion kWh, according to data published on Tuesday by the National Institute of Statistics.Electricity consumption in the economy was 27.775 billion kWh, lower by 5.2%, while the population used 10.9% less electricity, respectively 8.448 billion kWh.At the same time, public lighting registered a decrease of 22.7%, up to 305.9 million kWh, and the own technological consumption in networks and stations was 3.698 billion kWh, down by 3% (114.5 million kWh ).Total electricity production was 3.1% higher in the first nine months of this year, totaling 42.922 billion kWh. The quantity produced in hydropower plants increased the most in the analyzed period, by 39.6% compared to the same period in 2022, followed by the production from nuclear-electric plants (+2.8%) and that of renewable energy from wind turbines, by 2.5%.On the other hand, production decreases were recorded in photovoltaic power plants, by 7.6%, and in conventional thermal power plants, by 20.3%.According to INS data, electricity imports were lower by 8.1% in the first nine months of this year, recording a quantity of 5.913 billion kWh, while exports increased by 68.4%, up to 8.607 billion kWh.In the analyzed period, primary energy resources decreased by 1.9%, and electric energy resources increased by 1.6% compared to the same period in 2022.The main primary energy resources, between January 1 and September 30, 2023, totaled 24.72 million tons of oil equivalent (toe), down by 466,300 toe compared to the same period of the previous year.Regarding natural gas, production increased by 66%, up to 5.59 million tep, and imports decreased by 35.8%, to 1.52 million tep.Imported petroleum products also experienced an increase of 682.9%, totaling 3.1 million toe.
The Atlantic Council will honor Romanian president Klaus Iohannis with the Distinguished International Leadership Award for his remarkable career, exemplary leadership of Romania, and his transatlantic and European leadership role. The Atlantic Council’s Distinguished Leadership Awards are often referred to by media as “the Washington Oscars.” Among the honorees are a European head of state, […]
The colorful rapeseed fields in the southern part of Romania have been photographed by NASA from a satellite and featured in an accompanying article titled “Golden Fields in Romania.” The spectacular images were taken last month above the area where the Olt River intersects with the Danube. According to the article, NASA personnel were impressed […]
UiPath, an AI-based company founded by Romanian entrepreneurs and listed on the New York Stock Exchange in 2021, has recruited Raghu Malpani as Chief Technology Officer. Malpani, who was Corporate Vice President at Microsoft for the Microsoft 365 Application and Data Platform will report to the Director of Innovation and the Executive President of UiPath, […]
Production and new orders rise after nine straight months of decline Business confidence picks up, while hiring is back on the agenda Cost inflation eases and selling prices rise only fractionally An improvement in the health of the Romanian manufacturing sector was signalled for the first time in the survey's history, according to the latest […]
Raiffeisen Bank Romania continues its growth strategy in personal financial planning, up 50% in the first quarter of the year in the segment of investment plans, voluntary pensions and life insurance with a savings component. At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking […]
Road crews have begun snow removal on Romania’s spectacular mountain road known as Transfăgărășan. Since there is less snow than in other years, the road could be opened much earlier than the usual date of July 1, according to authorities. Transfăgărășan, Romania’s second-highest road after Transalpina, is being cleared of snow so it can be […]
