On Tuesday, July 23, 2024, through Wednesday, July 24, 2024, U.S. Secretary of Energy Jennifer M. Granholm will travel to Romania to convene the 5th Ministerial Meeting of the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) , a platform for energy security and clean energy cooperation, created by the United States and including 24 central and eastern European countries. During the visit, the Secretary will promote U.S. industrial policy, including the Inflation Reduction Act, and highlight how the Biden-Harris Administration is working with global partners in the clean energy transition. On Tuesday, Secretary Granholm will offer keynote remarks at the P-TECC Business Forum. Following her remarks, she and Minister Sebastian Burduja of Romania will witness the signing of a Memorandum of Understanding between Sage, a company specializing in geothermal energy and storage solutions, and Electrocentrale Bucuresti (ELCEN), Romania’s state-owned supplier of heat for Bucharest. On Wednesday, the Secretary will give keynote remarks at the P-TECC Ministerial, highlighting the shared benefits of industrial policy for energy security and the energy transition. Secretary Granholm will also applaud significant milestones on several key U.S.-Romania projects that aim to advance Romania’s strategic efforts to advance the country’s civil nuclear program. These projects include plans to modernize the Cernavoda nuclear power plant with U.S. companies Fluor and Sargent & Lundy, and the signing of engineering contracts to advance a Small Modular Reactor project. Secretary Granholm will conclude her trip with a media availability alongside Minister Burduja. Throughout the visit, Secretary Granholm will hold several bilateral meetings to discuss a variety of clean energy cooperation programs on-going and proposed with her ministerial counterparts from the European Union, Bosnia and Herzegovina, Iceland, Moldova, Poland, Romania, and Ukraine. (Source: U.S. Mission Romania)
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
