The process of reopening the magnesium and graphite mines could start in 2023, with certain conditions regarding the quality of the graphite mines, Economy Minister Florin Spataru announced on Tuesday."We intend to finalise the approval of these normative acts by the end of the year, so that the actual investments can be made starting with 2023. For this we are discussing with the European Commission, to find the necessary resources through European funds for refurbishment," said Florin Spataru, at the conference "Romania and the top industries: How we can use the opportunity of the accelerated reset of the European economy".The Economy Minister specified that the graphite mines are reopening with certain conditions regarding the quality of this graphite.He stressed that the reopening of these mines and their refurbishment is a long process.At the same time, Spataru explained that the industrial policy has been revised at the EC level."137 critical raw materials on which the European Union is dependent have been identified, taking into account the objectives it has set, in terms of mobility and decarbonisation. Romania has some of these resources, which we have exploited for years, and after that, we closed the mines. For economic reasons, I do not comment on what happened, because this did not only happen in Romania," Florin Spataru added.According to him, one of the raw materials is magnesium, a very important element for aluminum production and for the automotive industry.
Premier Energy PLC, one of the fastest-growing energy companies in Romania and the SEE region, will carry out an initial public offering (IPO) on the Bucharest Stock Exchange (BVB) between May 8 and May 15, 2024. Romania's Financial Supervisory Authority (ASF) approved the IPO prospectus on Tuesday, May 7. The company is looking to sell […]
The European Bank for Reconstruction and Development (EBRD) is lending more than EUR 46 million as part of a EUR 93 million financing package to build and operate Urleasca Wind Farm, a 102 MW onshore wind farm in Romania, the institution announced. Urleasca Wind Farm is expected to generate 277 GWh a year of renewable energy […]
Bucharest and Ilfov County together form the region in Romania with the highest motorization rate, with an average of 640 cars per 1,000 inhabitants, a level close to most regions in France, Germany, Austria, and Italy, according to Eurostat data for 2022 cited by Ziarul Financiar. In the central, western, and northwestern regions of the […]
Nicolae Ciucă, the president of the National Liberal Party and head of the Romanian Senate, is increasingly looking like the party’s pick for the presidency. Ciucă, a former general in the Romanian army and an ally of current president Klaus Iohannis, also from PNL, is featured on dozens of billboards across the country. In parallel, a social media […]
The 28th edition of the European Film Festival opens in Bucharest on Europe’s Day, May 9. The event, which takes place in several cities in the country, will end this year’s run in Chișinău on June 8, the weekend of the EU Parliament elections. The program covers 40 feature films, 34 of them national premieres, […]
The multinational military exercise "Swift Response 24,” which will feature the largest airborne operations in Europe since World War II, has recently begun. The exercise will take place until May 24 in Romania, including in the Cincu range in Brașov County, according to Radio Brașov, as reported by Rador. According to the Ministry of National […]
