Today, at the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) Ministerial in Bucharest, U.S. Secretary of Energy Jennifer Granholm, Under Secretary of State for Arms Control and International Security Bonnie Jenkins, and U.S. Trade and Development Agency Director Enoh T. Ebong joined Romania Minister of Energy Sebastian Burduja and industry executives from U.S. firms Fluor Corporation and NuScale Power and Romania firms RoPower and SN Nuclearelectrica to celebrate a significant milestone in Romania’s flagship small modular reactor (SMR) project, utilizing NuScale technology, advancing it towards deployment in 2029. Fluor Corporation and RoPower signed an agreement for the second phase of the Front-End Engineering and Design (FEED) study that will position the project to move to a final investment decision and construction. The first phase of the FEED study was completed in late 2023 with funding from the U.S. Trade and Development Agency, U.S. Department of State, the Government of Romania, and NuScale Power. Building on over a quarter century of Romania’s safe and secure nuclear power plant operation experience, this leading edge SMR project will replace a former coal plant in Doicesti with clean, carbon-free power, create jobs, spur economic growth, and help establish Romania as a clean energy leader in the region. The United States is committed to supporting the use of advanced nuclear technologies to power global decarbonization efforts and provide energy security to partners around the world. (Source: https://ro.usembassy.gov)
Roughly 130,000 cartridges prepared for delivery were destroyed after a fire broke out at a warehouse part of the Cugir Mechanical Plant, in central Romania, on Saturday, August 2. No victims were reported, and an investigation is currently ongoing. The fire started around 2 AM, initially over an area of 300 square meters, which later […]
Uber and Bolt, the two alternative transportation platforms that dominate the Romanian market, have together registered over 100,000 affiliated drivers by the end of May 2025, according to official data from the Romanian Road Authority (ARR) reported at the request of Ziarul Financiar. The drivers who...
Romania’s president Nicuşor Dan signed 96 decrees approving the retirement of magistrates on August 1, with most leaving the judiciary immediately and the remainder scheduled to retire on September 1, Cursdeguvernare.ro reported. Among those stepping down is Corina Corbu, President of the High Court of Cassation and Justice (ICCJ). The wave of retirements...
The number of new cars registered in Romania dropped by 16.4% y/y to 80,718 in January-July despite a 25.3% y/y rise to 16,362 units in July, according to data published by the Romanian Car Manufacturing Association ACAROM. The lack of state grants for new car purchase, promised by the Ministry of Environment for December, certainly contributed […]
Raiffeisen Bank has cut its projection for Romania’s economic growth in 2025 to 0.7%, citing the impact of a challenging global trading environment and slowing international demand, the Austrian lender said in its semi-annual report. The bank now expects Romania’s gross domestic product (GDP) to grow by 1.3% in 2026,
The system of pensions paid to military personnel should be changed gradually until 2035 to avoid losing personnel, minister of defence Ionuț Moșteanu said in a Digi24 interview, implying that the European Commission...
