President Klaus Iohannis signed on Wednesday the decree regarding the promulgation of the law for the ratification of the framework on the establishment of the International Solar Allaince (ISA).The respective framework was open for signing in Marrakesh, on 15th November 2016 and signed by Romania in Dubai, the United Arab Emirates on 3 December 2023.ISA was set up on 30 November 2015 in Paris, on the joint initiative of the President of France and the Prime Minister of India, as a coalition of solar-rich countries to address their energy needs. According to the explanatory memorandum submitted to Parliament, once it enters into force, the Framework Agreement will ensure the strengthening of cooperation in the field of solar energy between Romania and the ISA member states, with a view to transforming our country's energy sector by diversifying energy supply sources and routes. The increase in the share of renewable energy resources in energy consumption, which is linked to the phasing out of coal, foresees a renewable energy target for Romania of 30.7% in 2030. The document shows that Romania is a country with significant solar resources, with over 210 sunny days per year, according to statistics. In support of decarbonisation, the investment needs in additional solar generation capacity are expected to be 3.7GW over the coming years until 2030. In total, almost 120 countries have signed the ISA accession agreement and almost 100 have also deposited an instrument of ratification.
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 […]
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 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 (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 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 […]
Romanian vlogger and entrepreneur Selly, founder of the Beach Please festival, announced an investment of tens of millions of euros in an integrated resort and entertainment complex named Niburu on the Black Sea coast, near Costinești. It will involve EUR 50 million in the first stage, and the next edition of the festival Beach Please, […]
