National Corporation Nuclearelectrica S.A. and nuclear and isotope technology company Laurentis Energy Partners - a commercial subsidiary of Canada's Ontario Power Generation, signed on Thursday in Paris a memorandum for the production of medical isotopes at the Cernavoda Nuclear Power Plant and for exploring the development of heavy water production in Romania, the Energy Ministry informs."It is a significant step to help improve the health of millions of people and demonstrate the multiple benefits of nuclear power plants, which generate clean energy, contribute to energy stability, decarbonization and economic growth, and support cancer treatment. Equally important is the project to resume heavy water production in Romania, an initiative begun during the term of former minister Virgil Popescu. The global demand for heavy water experiences a spectacular increase, and Romania can be a strategic player," said Energy Minister Sebastian Burduja, according to the cited statement.This step comes shortly after the announcement about the Government of Canada providing funding to support the construction of Cernavoda reactors 3 and 4.The memorandum was concluded against the backdrop of the over 55-year Romania - Canada partnership in the field of nuclear energy and of the announcement made by Canadian Minister of Energy and Natural Resources Jonathan Wilkinson about a 3 billion Canadian dollar deal to support the development of Cernavoda Units 3 and 4, which strengthens energy security and furthers the production of clean energy.The agreement was formalized on Thursday, with OPG president and CEO Ken Hartwick, and Nuclearelectrica CEO Cosmin Ghita signing a Memorandum of Understanding, in the presence of the Romanian Energy Minister Sebastian Burduja. The signing took place on the sidelines of the Roadmap To New Nuclear conference organized in Paris by the Nuclear Energy Agency, which sees the participation of over 21 international ministers and hundreds of industry professionals.
SevenX Ventures increased its stake in Holde Agri Invest, one of Romania’s largest agricultural land operators, the company announced. At the same time, Leonard Leca, a member of Holde’s Board of Directors and an investor in SevenX Ventures, increased his holding in SevenX Ventures to 71%, resulting in a reduction of Vertical Seven Group’s stake […]
The Romanian executive recently granted emergency approvals for banned bee-killing pesticides in clear violation of European regulations, according to the European branch of the well-known US political news outlet Politico. Specifically, the Romanian ministry of agriculture greenlit the use of Cruiser 350 FS - a neonicotinoid insecticide banned in the EU due to its devastating impact...
Romanian finance minister Tanczos Barna confirmed on January 9 that the tax collection agency ANAF, together with the judicial bodies, is investigating the financing of the electoral campaign of former presidential candidate Călin Georgescu, focusing on "the manner and flows of money that arrived from various sources." "It is an investigation alongside the judicial bodies, […]
Romanian energy minister Sebastian Burduja announced that he is considering extending the capping-compensation scheme, in its current form, for another 3-6 months after April 1, 2025 – when it was supposed to be phased off. The ministry is working on several scenarios, he said. One of the scenarios is to keep the compensation-cap scheme for […]
Turkish exporters want to use a new maritime route for their goods and are looking at Romania’s port of Constanta in the context of hundreds of trucks waiting for a long time at the border crossings with Bulgaria, especially at those at Kapikule and Hamzabeyli, according to Türkiye Today. ...
The European Commission has refused to grant a temporary derogation from the obligation to purchase greenhouse gas emission certificates (CO2) for natural gas and coal-fired energy produced by Romanian companies OMV Petrom and CEO for the Republic of Moldova, according to
