US President Joe Biden and Romanian President Klaus Iohannis announced în Glasgow plans to build a “first-of-a-kind” small modular reactor (SMR) plant in Romania in partnership with U.S. NuScale Power, bringing the latest civil nuclear technology to a critical part of Europe, informs a White House’s press release. The Partnership will bring SMR technology to Romania, positioning U.S. technology to lead in the global race for SMR deployment. The commercial agreement will include a 12-module NuScale plant, initially creating over 6000 U.S. and Romanian jobs, including union jobs, with the potential to create 30,000 U.S. and Romanian jobs as the project grows. Deployment of SMR technology will be an important contributor to a decarbonized power sector and net zero future. A grant agreement in this regard was signed 10 months ago between the Trade and Development Agency (USTDA) and the National Nuclearelectric Society (SNN), with the former US ambassador to Bucharest, Adrian Zuckerman, noting at the event that this is another step forward in strengthening the bilateral relationship in the field of Energy. The grant is granted for technical assistance in order to develop “Small Modular Reactor” (SMR) solutions in Romania. The technical assistance provided by the USTDA will support Romania’s efforts to include SMR technology in its national energy strategy. This assistance will identify a short list of places compatible with SMR technology, analyze the options for SMR technology and prepare roadmaps for licensing each selected place. SNN selected Illinois-based Sargent & Lundy for assistance. The signing took place online with the participation of Cosmin Ghita, General Manager of Nuclearelectrica and Todd Abrajano, General Manager and Operations of USTDA. In this context, the US Ambassador spoke about the bilateral relationship in the field of energy. “Today’s signing of the Nuclearelectrica grant by the US Agency for Trade and Development (USTDA) is a very important step in strengthening bilateral energy cooperation and, more importantly, in Romania’s economic development in the future,” Zuckerman said back then.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
