The energy ministries of Bulgaria and Romania are working on a general framework for joint energy projects, Bulgarian Deputy Energy Minister Nikolai Nikolov said in Bucharest on Tuesda, https://www.bta.bg/ reports. He was speaking at Energy Week Black Sea, an international conference on investing in renewable energy sources, which is underway on February 6 and 7. Nikolov said: "We are cooperating very well with Romania. We have been working hard with our Romanian colleagues over the last six months to create a framework for projects." He noted that he believes in the potential of offshore wind power projects combined with the potential of the Black Sea. "We can make the region even more appealing to investors," the deputy energy minister argued. He said the job of national governments is to create a favourable environment for investments. He went on to say: "Two weeks ago we moved a bill in Bulgaria on the development of wind energy. It is in Parliament now, and we believe it will pass. But we need to work with the public, because we hear voices say that this will be damaging to Bulgarian tourism. People worry that this will harm the potential for tourism. Fishermen say this will reduce their catch. NGOs are anxious that this will harm biodiversity in the Black Sea. This is a new matter for our region, for Bulgaria and Romania. We have to do our homework." At the end of his address, Nikolov expressed hope that the Black Sea can become a regional energy hub. In an interview for BTA later on Tuesday, Nikolov said that on February 6 Bulgaria, Romania, and Greece will apply together for a cross-border project within the EU. If the project is recognized as such by the Union, the three countries can rely on funding.
The shares of four other companies listed on the Bucharest Stock Exchange (BVB) will be included in the MSCI Frontier, MSCI Romania, MSCI Frontier IMI and MSCI Romania IMI. Romania will thus have 30 listed companies part of the MSCI indices as of June 1, 2024. The shares of telecom group Digi Communications (DIGI)...
Four young women, students at the Technical University of Cluj-Napoca, have invented a bracelet that converts music into vibrations. This gadget, named the Rhythm Touch bracelet, is designed to give people with hearing impairments the experience of concerts. "The wearer can dance, feeling the music, even though they can't hear it," the inventors told Cluj24.ro. […]
DP World announced on May 15 the opening of three new sites in Romania, following total investments of over EUR 130 million. The company said the projects aim to provide “a significant boost to the country’s growing status as a key hub of European trade.” Thus, Constanta, the largest container port on the Black Sea, […]
Measuring the confidence of Romanian managers and entrepreneurs in the local economy for over 4 years, the results of the 10th edition of the CONFIDEX study highlight the optimism, resilience, and adaptability of the Romanian business environment. According to the CONFIDEX study from the first semester of this year, the proportion of managers who declare […]
Alternative investment fund BT Property said on May 15 that it acquired Funshop Park Turda, Cluj county, from the Polish group Scallier. The transaction marks the fund's entry into the retail market, where it aims to expand. Funshop Park Turda retail park has over 9,000 sqm of leasable area and BREEAM-certified buildings, according to international standards. BT Asset […]
Attractive Romania/România Atractivă was launched this week with the aim of offering local and foreign tourists a new tool to explore the country. The multimedia platform includes 12 thematic routes in 35 counties, listing 275 landmarks to discover. The program, with a value of over RON 36.3 million, is part of the National Recovery and Resilience […]
