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.
Prosecutors from Romania’s National Anticorruption Directorate (DNA) conducted multiple searches on July 28 in Argeș County as part of an investigation into illegal VAT refunds and money laundering worth more than EUR 9 million, Digi24 reported, citing judicial...
The Ministry of Finance announced a new set of measures to streamline institutional activity by launching a new performance evaluation system for employees and departments within the ministry. At the core of the system is a structure of written reports. The employees will report daily, in writing, to their direct superior, the details of the […]
Sika Romania has inaugurated a new concrete additives production facility in Corlătești, Prahova County, following an investment of CHF 1.4 million (EUR 1.5 million), the company announced on July 28. The unit is located on the local industrial platform and is designed to meet rising demand in the construction and infrastructure sectors. The Swiss-owned construction […]
The government posted a deficit of RON 69.8 billion (EUR 13.8 billion) in the first half (H1) of 2025, 9.6% or RON 6.1 billion more compared to the same period last year, according to data published by the Ministry of Finance. In the second quarter (Q2) alone, however, the deficit narrowed by 5.9% y/y to […]
The Wrocław Baroque Ensemble, a resident ensemble of the National Forum of Music (Narodowe Forum Muzyki – NFM) in Poland, will present a series of concerts in Romania exploring rarely performed works from Polish composers. Since its establishment in 2012, the group has specialized in historically-informed performance of Polish Renaissance and Baroque music under the […]
Fewer and fewer Europeans strongly support democracy, according to a new poll by European Movement International and Savanta. Romania is among the countries with the lowest support for democracy, the same study showed. Published on Monday, July 28, the report highlights that people are disillusioned with democracy across Europe. Overall, only 36% are consistent supporters...
