Unit 1 of CNE Cernavoda automatically disconnected from the National Energy System on Friday evening, due to disfunctionalities in the classic part of the unit, without any impact on the nuclear security, informs the National Nuclearelectrica Society (SNN).Unit 1 of CNE Cernavoda with installed power of 700 MW was commissioned in 1996 and delivered, until now, 133 million MWh, representing 9% of the national consumption, on a period of 26 years. Unit 1 prevented the release in the atmosphere of 130million tons of CO2.Nuclearelectrica is the national company for electric, thermal and nuclear fuel energy in Romania, which functions under the authority of the Ministry of Energy, the Romanian state owning 82.49% of the shares, and the other shareholders 17.50% after listing on the stock exchange of the company in 2013. The company contributes to over 18% of the nuclear energy to the total production of energy and with 33% to the total production of energy without CO2 in Romania.The CNE Cernavoda operates two CANDU nuclear units, being two of the most performing units out of the over 400 nuclear units in the world, a factory of nuclear fuel making the integrated cycle of fuel through the acquisition of a processing line for uranium concentrate to support the company long run investment projects.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
