A very important project that we have in mind at the moment is an investment of about 1,500 Megawatts in floating photovoltaic panels, which we want to realize together with the Emirati company Masdar, on Friday announced, during a conference on the market of capital, the president of Hidroelectrica, Bogdan Badea."The Hidroelectrica company focuses on several targets. The first target is to maintain and increase the company's profitability and financial performance, which also comes with the plan to increase the installed capacity in terms of the production and diversification of energy sources, exclusively "green", because Hidroelectrica is a "green" company. We want to keep this label as a "green" company. Our investment plans, in addition to new hydro capacities that we can still achieve while also taking into account the environmental restrictions that we have at the moment, are moving towards diversification towards other regional energy sources, especially wind and photovoltaic. We already have the Crucea wind farm in operation, which was integrated into the portfolio. The operational results were beyond expectations, and the synergies that various sources of renewable energy benefit from have helped the company to diversify its production portfolio and increase profitability. Another very important project that we are considering at the moment is an investment of about 1,500 Megawatts in floating photovoltaic panels. It is an investment that we want to make together with the Emirati company Masdar. It is a new investment in Romania at such a size," said Badea.The representatives of Hidroelectrica and those of Masdar signed, on March 20, 2023, in the capital of the United Arab Emirates - Abu Dhabi, a joint venture agreement that engages the two companies in a joint investment approach aimed at the creation of off-shore wind farms and floating solar parks in Romania.
Daniel Christian Hulea, a Romanian man accused of contributing to the NetWalker ransomware attacks, has been sentenced to 20 years in prison after pleading guilty to conspiracy to commit computer fraud and wire fraud, according to a public announcement from the US Department of Justice. NetWalker was a Ransomware-as-a-Service operation launched in 2019, which recruited […]
The new Romanian government, headed by the same Social Democratic prime minister, Marcel Ciolacu, recently made its governance program public. Among its objectives are reducing the level of bureaucracy, maintaining the flat tax rate, and reducing the budget deficit to 7% in 2025. To reach its goals, the government reduced the number of ministries to […]
The European Commission (EC) announced on Monday, December 23, that it disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania, totaling EUR 26.8 billion in loans and grants. Under this latest disbursement, Romania received EUR 37.05 million as part of its second payment request. By comparison, according to the...
Romanian film trilogy Moromeții, directed by Stere Gulea, will be presented at the 54th edition of the Rotterdam International Film Festival, taking place from January 30 to February 9, 2025. This renowned European event, which annually presents hundreds of films across more than 20 sections, will feature the three films - Moromeții (1987), Moromeții 2 […]
Romania issued state aid worth EUR 1.3 billion during 2019-2023, with 62% of the projects being granted to foreign companies, according to an analysis conducted by EY Romania. The sectors that benefited the most from aid were the automotive industry, technology, manufacturing (light industry), medical industry, and the food and beverage industry. According to the […]
The Abracadabra – Secrets of Magic interactive exhibition will transform Arcub – Hanul Gabroveni in Bucharest into a magical universe starting December 27, 2024. Running until May 4, 2025, the event offers visitors the opportunity to explore a labyrinth of magic, featuring over 20 interactive attractions and more than 500 live performances by MAGITOT and […]
