In the first ten months of 2024, Romania produced 2.246 million tonnes of oil equivalent (toe), down 92,200 toe (-3.9%) than in the same period of the previous year, according to data centralized by the National Institute of Statistics (INS).Imports of crude oil totaled 6.665 million toe during the period, 313,200 toe more than in January-November 2023 (+4.9%).According to the latest Energy Balance Forecast, published by the National Commission for Strategy and Prognosis (CNSP), the production of crude oil is expected to decrease until 2027 at an average annual rate of 2.5%.Thus, 2.82 million toe (minus 3.1% compared to 2023) will be extracted in 2024, 2.74 million toe (minus 2.8%) in 2025, 2.68 million toe (minus 2.2%) in 2026 and 2.63 million toe (minus 1.9%) in 2027.According to the CNSP, this decrease will be the consequence of the natural decline in the supply of reserves and the maintenance of existing production units.Imports of steel will increase from 7.35 million toe in 2023 to 7.8 million toe in 2027, at an average annual rate of 1.5%. After a drop of 13.7% expected 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 7.52 million toe, and by 7.8% in 2027.
The Minister of Economy, Radu Miruta is taking over the interim position at the Ministry of National Defense, after the decree appointing him to this position was published in the Official Gazette of Romania on Friday evening.The decree noting the resignation of Ionut Mosteanu, Deputy Prime Minister, Minister of National Defense, was also published in […]
The joint plenary session of the Chamber of Deputies and the Senate in which the Government is to pledge responsibility for the draft law on magistrates' pensions will take place on Tuesday afternoon.The joint standing bureaus of Parliament decided on Friday that the joint plenary session dedicated to pledging responsibility for the Government's draft law […]
Romania is risking a penalty from the European Commission for failing to meet the National Recovery and Resilience Plan (PNRR) milestone regarding the appointments in state-owned companies, but it is not in a situation of fully missing the target, Government Spokesperson Ioana Dogioiu said on Thursday."The Agency for the Monitoring and Evaluation of the […]
The Bulgarian Council of Ministers approved a Memorandum and Plan of Action among the governments of Bulgaria, Greece and Romania, www.actualno.com informs. In this document, the three countries engage in coordinated actions to ensure the future connection between the Aegean Sea, Black Sea and the Danube by joint road and railway projects. The […]
Romania's population is going through a sharp aging process, similar to the global trend, given that, in July 2025, the number of people over 65 exceeded the number of children under 14 by 35.4%, according to data from an insurance company.The demographic aging index increased from 126.8 (as of January 1, 2024) to 132.4 (as […]
The Bucharest City Hall will start the winter holidays on Saturday, with the opening of the Christmas Market in Constitution Square.Also on Saturday, the winter season lights will be turned on and the Bucharest Downtown Christmas Market in University Square will begin, according to a press release sent on Wednesday by the Bucharest Municipality.Thus, on […]
