The total available energy resources in 2020 recorded a drop of 6.2 pct compared to those in 2019, while compared to the previous year, the production of primary energy has dropped by 8.9 pct, energy resource imports increased by 11.9 pct, the gross internal energy consumption dropped by 2.6 pct and the final energy consumption recorded a decrease of 1.5 pct, shows the data of the National Institute for Statistics (INS), published on Tuesday.The total available energy resources in 2020 recorded a 6.2 pct drop compared to the previous year, totaling 41.4 million tons oil equivalent (toe), both primary energy production as well as energy product imports recording drops of 8.9 pct, and 11.9 pct, respectively.Of the primary energy resources, significant variations were recorded for coal and crude oil, which dropped by 31 pct, and 12 pct, respectively.The production of primary energy in 2020, of 22.351 million toe, has dropped by 2.184 million toe compared to 2019, on the backdrop of a decline in production in all types of primary energy carriers. The drop in the production of coal is significant (-34 pct), as well as that of usable natural gases (-10.7 pct).The import in energy products dropped by 11.9 pct compared to 2019, due to the drop of crude oil, natural gas and coal imports. Only oil product imports recorded an increase of 7.5 pct.The final energy consumption in 2020 was reduced by 362,099 toe (-1.5 pct) over 2019. The final energy consumption recorded drops in almost all types of economic activities, with the exception of construction (+10.1 pct). The final energy consumption of the population increased over the previous year, both quantitatively (+254,000 toe, representing 3.3 pct), as well as a share in the total final energy consumption (34 pct over 32.5 pct in 2019).In 2020, energy exports (including bunkerage) totaled 5.062 million toe, down by 909,000 toe (-15.2 pct) over 2019 when it had the value of 5.971 million toe. The gross internal energy consumption per capita in 2020 was of 1,670 kg oil equivalent, decreasing by 2 pct over 2019.
Moldovan carrier Flyone will add a route between Bucharest and Munich starting in October. The flights to Munich will be operated on Mondays, Wednesdays, and Fridays. This adds to the flights it has connecting the Romanian capital to Tel Aviv, Brussels, and Verona. With these routes, the airline is responding to the constant demand from […]
Romanian electricity distributor and supplier Electrica listed the largest issue of green, corporate, and non-financial bonds on the Romanian capital market, reaching a total value of EUR 500 million, on July 30. The bonds, with the stock symbol EL30E, are registered, non-convertible, unsecured, denominated in euro, have a nominal value of EUR 1,000 each, and […]
Dracula Film Festival, the event dedicated to horror and fantasy film, has opened the call for entries in its four competition sections. The festival runs four competition: Dracula Trophy, an international feature film competition; Little Dracula, an international short film competition; Vladutz, a Romanian short film competition; and Dracula Digital, a competition dedicated to young […]
Investment firm Mozaik Investments has acquired a majority stake in Genesis College, a large private educational institution in Bucharest. After receiving all approvals, Mozaik will provide growth capital to accelerate the development of the educational network through investments in new campuses and the expansion of schooling capacity, as well as the development of the International […]
The Romanian investment fund market has surpassed the threshold of one million investors. Moreover, the net assets of the 248 open-ended and closed-ended funds reached RON 51.8 billion (EUR 10.2 billion) in June, according to data from the Romanian Fund Managers Association, or AAF. Specifically, 1,007,481 people in Romania had money in the local and […]
Local authorities in Hunedoara announced investments worth RON 200 million for the King’s Road, which connects the spa resort Vața de Jos, in Hunedoara County, and the Royal Castle at Săvârșin. The road was built in the post-war period by order of King Michael I of Romania and was paved with cobblestone. Now, the authorities […]
