Romania has started transforming its energy system in line with its targets and wants new renewable capacities, the target being that by 2030 we will have an additional 10 Gigawatts of renewable capacities installed, all technologies, said Dan Dragan, Secretary of State in the Ministry of Energy, on Monday. He also added that the nuclear programme is to continue, namely Units 3 and 4 at Cernavoda and small modular reactors. "Here we have the essential support of our American partners, we are in close contact and we are working together to find all the sources of funding and also to implement these projects, with a target year of 2028 - 2029 for SMRs and 2031 for Units 3 - 4 at Cernavoda," the official said. He also mentioned the gas in the Black Sea, namely a quantity of about eight billion mc injected in the transport network in the perspective of the year 2026 – 2027 and mentioned that the first steps have been taken for new, flexible capacities, for electricity generation with the use of natural gas. All these capacities together will surpass 3,500 MW and will ensure the flexibility of the system as they are placed in important areas to balance the production.As regards the transport of electricity, Dan Dragan reiterated that important contracts were signed for the construction of new transport capacities, new lines including interconnection.‘At this moment, over 460 km of new transport lines are financed with existing contracts, and by the end of the year we will the possibility to sign new contracts. The total value until this moment of the signed contract for Transelectrica, including new stations of 400 kilovolts, is over 430 million euro and we hope that the new investment committee of the Fund for Modernisation will approve projects of up to 150 million euro, including the connection between Suceava and Balti ( the Republic of Moldova – o.n.)’ Dragan said.Also, on the distribution side, projects worth more than 500 million lei have been signed so far for distribution companies and are still being analysed, with projects worth more than 1.5 billion lei being submitted. The total scheme is €1.3 billion. The ME official recalled that the call for green hydrogen has been resumed and expressed the hope that within the next two months it will be closed and contracts signed. At the same time, the contracts for storage capacities, a minimum of 200 megawatts, are being analysed and could be signed by the end of the year, and the PNRR also finances the production of batteries and the production and assembly of photovoltaic panels, with amounts of around 200 million euros.
The Bucharest National Opera will open the Romania–Italy Cultural Year 2026 with a gala concert in Rome on December 1, Romania’s National Day. The event, hosted at the prestigious Teatro dell’Opera di Roma, is organized by the Romanian Embassy in Italy in partnership with the Bucharest National Opera and supported by Romania’s Ministry of Foreign […]
German company Henkel, with over 500 employees in Romania, has opened a new headquarters in Bucharest, marking a fresh chapter in its three-decade presence in the local market. The space blends Henkel’s “Smart Work” concept with Romanian cultural design elements inspired by Constantin Brâncuși and traditional motifs, while a dedicated quiet zone pays tribute to […]
A couple of years ago, Romania’s Defense Ministry concluded a USD 400 million deal with Israeli company Elbit for the development of seven Watchkeeper X systems, which will be used to detect Russian operations near the border areas. The drones will be delivered in a few months, according to the manufacturer, as reported by Digi24. […]
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
