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.
Daniel Christian Hulea, a Romanian man accused of contributing to the NetWalker ransomware attacks, has been sentenced to 20 years in prison after pleading guilty to conspiracy to commit computer fraud and wire fraud, according to a public announcement from the US Department of Justice. NetWalker was a Ransomware-as-a-Service operation launched in 2019, which recruited […]
The new Romanian government, headed by the same Social Democratic prime minister, Marcel Ciolacu, recently made its governance program public. Among its objectives are reducing the level of bureaucracy, maintaining the flat tax rate, and reducing the budget deficit to 7% in 2025. To reach its goals, the government reduced the number of ministries to […]
The European Commission (EC) announced on Monday, December 23, that it disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania, totaling EUR 26.8 billion in loans and grants. Under this latest disbursement, Romania received EUR 37.05 million as part of its second payment request. By comparison, according to the...
Romanian film trilogy Moromeții, directed by Stere Gulea, will be presented at the 54th edition of the Rotterdam International Film Festival, taking place from January 30 to February 9, 2025. This renowned European event, which annually presents hundreds of films across more than 20 sections, will feature the three films - Moromeții (1987), Moromeții 2 […]
Romania issued state aid worth EUR 1.3 billion during 2019-2023, with 62% of the projects being granted to foreign companies, according to an analysis conducted by EY Romania. The sectors that benefited the most from aid were the automotive industry, technology, manufacturing (light industry), medical industry, and the food and beverage industry. According to the […]
The Abracadabra – Secrets of Magic interactive exhibition will transform Arcub – Hanul Gabroveni in Bucharest into a magical universe starting December 27, 2024. Running until May 4, 2025, the event offers visitors the opportunity to explore a labyrinth of magic, featuring over 20 interactive attractions and more than 500 live performances by MAGITOT and […]
