In recent years, Romanian steelmakers have faced the significant challenges felt by all EU industries, grappling with rising energy costs, increased competition from non-EU producers, and fluctuating demand, all of which have put immense pressure on the industry’s operations and competitiveness, is shown in an analysis carried out by the Energy Policy Group (EPG). Romania is one of the last remaining countries in Central and Eastern Europe (CEE) with primary steel production, and steelmaking contributes significantly to the national economy and employment. The competitiveness of the steel industry is at risk due to high and volatile energy prices, uncertainty around future hydrogen and steel scrap availabilities, constrained capacity to secure financing, and the lack of a green steel market. In the long-term, maintaining competitiveness necessarily implies a transition from conventional to low-carbon steelmaking, requiring affordable low-carbon energy, the transformation of production processes and substantial investments. With significant renewable energy potential, an important automotive sector, and booming infrastructure development, Romania is well-positioned to advance a transition to competitive low-carbon steel. However, it suffers from policy and regulatory bottlenecks, leading to underutilisation of EU funding, high energy prices, and low investment certainty due to lagging national planning for hydrogen infrastructure and supply chains for high-quality steel scrap. In the context of major pressure to compete in a low-carbon world, as well as the policy push of the Clean Industrial Deal and forthcoming Steel and Metals Action Plan, Romania must urgently implement key concrete actions to maintain its steel industry. These include ramping up renewable electricity deployment, developing hydrogen infrastructure, labelling steel scrap as a critical resource, proactively absorbing and efficiently disbursing EU funding, setting up novel funding and derisking instruments and leveraging private funding, and creating robust lead markets in the construction, automotive, and shipbuilding sectors.
REDPORT, one of the most dynamic local real estate developers, announces the official inauguration of the VITALITY EST showroom. The event also marks the start of construction work on the residential project located near Pantelimon Park and Lake. “I believe in investments that leave lasting value behind, and VITALITY EST is a project driven by […]
Enexus, the swift integrated EPC service provider specializing in rapid execution of medium and large-scale photovoltaic projects with storage capacity (BESS), announces the signing of the contract for the development of the Titu 1 Project—a photovoltaic power plant with an installed capacity of 20 MWp and a 20 MVA transformer station, located in the city […]
International marriage proposals are truly exciting, even more so in a country as rich in romance and history as Romania. One of the most important things you can do is plan ahead! There are several logistics involved in planning the perfect marriage proposal in Romania. Learn more about navigating this labyrinth of logistics, legalities, and […]
BraveX.Aero, a deep-tech startup based in Cluj-Napoca, northwestern Romania, is rapidly expanding its production of long-range fixed-wing industrial drones with the goal of becoming a leading European manufacturer by 2030. Currently, the company produces over 70 drones annually but plans to increase this capacity sevenfold, targeting an output of 500 units per year by 2028. […]
After engaging thousands of visitors at festivals and museum exhibitions, the “I CAN” installations — the creative visual expression of Every Can Counts in Romania — continue their journey. From July 15 to 30, they will be on display in five City Grill Group restaurants across Bucharest: Pescăruș, City Grill Primăverii, Buongiorno.Italian Victoriei, Hanu’ lui […]
International School of Bucharest (ISB) is proud to celebrate the exceptional accomplishments of its Class of 2025, whose results in the International Baccalaureate Diploma Programme (IBDP) have once again set the bar high both nationally and internationally. With a 100% subject pass rate and average diploma scores well above the global norm, this year’s graduating […]
