Romania has imported during the first 10 months of 2021, a quantity of crude oil of over 5.513 million tons of toe (tonne of oil equivalent) net crude oil, with 49,700 toe (0.9%) smaller than the one imported during the similar period of 2020, according to the centralized data from the National Institute of Statistics (INS).Crude oil production rose up to almost 2.6 million toe, being 4.2% (112,900 toe) smaller than last year.The National Commission for Strategy and Prognosis (CNSP) estimates that crude oil production this year will be at 3.275 million toe (minus 3.2% from 2020) and 3.2 million toe (-2.3%) in 2022. Imports are expected at 8.425 this year (+20.7%) and 8.815 million toe in 2022 (+4.6%).The National Energy Strategy, published on the website of the Ministry of Energy, estimates that crude oil production will continue its slow drop tendency between 2030 and 2050, from 22 to 13 TWh (1.93 at 1.15 million toe).The results of modeling in 2016 indicate a halve of internal crude oil production, to up to approximately 2 million tons in 2030. The rise in import dependency cannot be avoided on medium and long term, unless the activity of exploring and production is encouraged, as well as increasing efficiency of fossil fuel consumption, the project mentions.
Participation in cultural education activities continues to be limited, with the main barriers being difficult access, insufficient knowledge, and cost, the recently released Cultural Consumption Barometer 2024 shows. The report showed that many Romanians still associate culture with entertainment rather than with personal development or furthering their knowledge. The need for relaxation dominates in cultural […]
Roughly 84% of Romanians say that the pace of the state’s digitalization is slow or very slow, according to an Edge Institute & AtlasIntel study presented at the Digital Governance Summit 2025, which took place on Tuesday, November 25, at the presidential palace in Bucharest. The survey aims to capture the way citizens relate to […]
Romania’s Superior Council of Magistracy (CSM) issued a negative opinion on the new bill regarding magistrates’ pensions. The move is only the latest development concerning a heated issue that led to tensions between the executive and the judiciary branch. CSM’s opinion is consultative, and the government led by Ilie Bolojan can still take responsibility for […]
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
