Romania's only nuclear energy producer, the National Company Nuclearelectrica SA (SNN), is the first Romanian company to join the World Economic Forum, SNN announced today in a statement to the Bucharest Stock Exchange.SNN will be a WEF member in two strategic areas, specifically the Platform for Shaping the Future of Energy, Materials and Infrastructure, and the Partnering Against Corruption Initiative, which support the company's strategic vision of building a sustainable future for tomorrow's generation, providing clean energy at the highest standards of excellence."We greatly appreciate the partnership with the World Economic Forum and look forward to a beneficial and fruitful cooperation. SNN aims to develop its integrated core expertise, to become an active part in capturing and generating development initiatives with a significant economic, social and organisational impact, in order to assess new opportunities for cooperation, expansion and development. Having in view our major investment projects, we are also looking for resilience and stronger economic and financial know-how. As both the World Economic Forum and SNN are interested in promoting carbon emission reduction programs, we are committed to capitalizing on the innovation trend and clean energy solutions," said Nuclearelectrica CEO Cosmin Ghita.25 years after the commissioning of Romania's first nuclear reactor, Nuclearelectrica covers approximately 20 percent of the domestic consumption demand and 33 percent of the country's clean energy output. Nuclearelectrica supplied over 200 million MWh into the national grid at a capacity factor of over 90%, preventing the release into the atmosphere of over 170 million tons of CO2, the cited release states.SN Nuclearelectrica SA is under the coordination of the Energy Ministry. As of 2013, the company is listed on the Bucharest Stock Exchange, having the Romanian state as main shareholder with 82.49 percent of the stake, while other shareholders control 17.50 percent thereof. SNN has two branches: the Cernavoda nuclear power plant, which operates Units 1 and 2, and the Pitesti Nuclear Fuel Plant.
The countdown is on until the start of the largest local fest, Transilvania International Film Festival on 13 June. Or, as everyone calls it: TIFF. To pass the time and (or) have an alternative, do not miss some of the most entertaining stories of all time courtesy of suspense master Alfred Hitchcock. And check out […]
Roughly 45.7% of Romanians believe the country’s May presidential elections were rather unfairly organized, while 50.4% believe they were fair, according to a survey by INSCOP Research. Romania's previous presidential elections, which saw centrist Bucharest mayor Nicusor Dan emerge victorious, saw extreme polarization. Immediately after...
CARFIL Brasov, central Romania, is set to begin production of three types of Romanian military UAVs this year, news agency Agerpres reported. The drones, named Cuda, Sirin, and a marine drone, were unveiled at the Southeast Europe Special Operations Forces Forum 2025 (SEESOF) in Targu Mures, the first international expo-forum dedicated to the special operations forces. ...
The National Meteorological Administration of Romania, or ANM, aims to become a European regional hub for professional training in the field of climate change, according to director general Elena Mateescu. The official noted during “The Future of Agriculture” forum held on Thursday, June 5, that the ANM has already completed the European Agrometeorology Center, which […]
Romania’s Interior Ministry (MAI) and Defense Ministry (MApN) have warned of ongoing disinformation campaigns on social media aimed at manipulating public opinion. The latest wave of false claims includes reports about the imposition of martial law and border closures, seeking to heighten public anxiety over the risk of war. Romanians, whether abroad or within the […]
The International Monetary Fund (IMF) issued new recommendations to Romania, among which is an increase in VAT, but also excise duties, dividend taxes, and the introduction of two income tax rates of 15% and 25%. At the same time, it recommends the reduction or elimination of the health insurance contribution, as well as a change in […]
