Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Romanian Academy : Romania has considerable mineral, energy...

Romanian Academy : Romania has considerable mineral, energy reserves

May 9, 2024

  The Romanian Academy affirms that our country has considerable mineral and energy resources and reserves, diverse and relatively evenly distributed in the territory, emphasizing the need to capitalize on them by reactivating the extractive and processing industry by implementing a National Geological Research-Exploration Programme.Taking into account the principles of sustainable socio-economic development of our country, as well as the major difficulties that the Romanian State went through in the case of the Rosia Montana project, the Romanian Academy specifies that it is imperative that the exploitation of mineral resources is done in a sustainable way, without the use of technological procedures and substances with a high degree of toxicity (e.g. sodium cyanide), which would endanger the environment, human communities, archaeological and historical remains and the natural landscape in the mining area."It is necessary to put into practice a National Programme of geological research-exploration to highlight new resources/reserves of useful mineral substances, for the permanent reassessment and sustainable management of these resources. The Romanian Academy proposes to establish a National Geological Service, which will coordinate all the specific geological research-exploration activities and ensure the application of the National Geological Program, in accordance with the European objectives of the energy transition," the Academy underlines.At the same time, according to the Academy, for an efficient management of the country's mineral and energy resources, it is necessary to create a legislative framework with the aim of identifying the potential of Romania's natural resources in the interest of the country's sustainable development.Also, the existing legislative framework should be updated and completed (Mining Law, Petroleum Law and Environmental Law) and ensure the continuous harmonization of the national legislative framework with EU and UN legislation in the field (United Nations Resource Management System: Principles and Requirements, September 2022)The Romanian Academy declares itself "ready to provide the necessary consultancy to the authorities of the Romanian State at any time" in the field, affirming that it has, through its members and its specialized institutes in Bucharest and in the country, the highest expertise network in the mineral resources exploitation sector.  

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/romanian-academy-romania-has-considerable-mineral-energy-reserves/108110
Read in full - click here
Mozaik Investments acquires majority stake in Bucharest-based Genesis College, plans EUR 30 million investments

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 […]

Western Romania: Hunedoara, Arad counties to invest RON 200 mln in tourist infrastructure

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 […]

Romania's Social Democrats and magistrates challenge PM's plan to cut magistrates' privileges

Justice Minister Radu Marinescu (PSD) told Antena 3 that the prime minister's proposal to amend the law on magistrates' pensions represents "a starting point", but stressed that the Ministry of Justice has not drafted a bill to this effect, Bursa reported. Marinescu recalled that there is...

Romanian prime minister flags irregularities among 1 million disability pension recipients  

Romanian PM Ilie Bolojan warned of systemic irregularities in the country’s disability pension system, noting that nearly 1 million people currently receive such benefits, G4Media reported on July 29. The prime minister said the...

Romanian tech company Visual Fan gets EUR 16.6 mln power storage contract

Romanian tech company Visual Fan (BVB: ALW), a developer of consumer goods (mobile phones primarily), goods that expanded various business lines, including EV imports and renewable energy projects development, announced that it signed a EUR 16.6 million contract for developing a power storage unit for Eurowind Energy. The company's shares rose by 3.5% on July […]

Vodafone takes over most of Telekom Romania Mobile Communications after competition body clears the deal

Vodafone Romania will take over most of Telekom Romania Mobile Communications (TKRM) after the Competition Council approved the transaction, while Digi Romania will acquire selected assets, the regulator announced on July 29. TKRM is indirectly controlled by Deutsche Telekom. Vodafone Romania will acquire TKRM’s core assets, including employees, postpaid and business customers, retail stores, and […]