ELCEN Director General Claudiu Cretu has signed an agreement in Washington to carry out a feasibility study on the use of geothermal energy for communal heating in Bucharest, with support from the US Department of Energy (DOE), Energy Minister Sebastian Burduja wrote in a social media post.He continued meetings with American officials, discussing a project for units 3 and 4 at the Cernavoda nuclear-power plant, a project of small modular reactors, offshore wind energy, the restart of heavy water production, and geothermal energy."In the capital of America, Romania is respected, and energy is on everyone's lips. Joint projects mean prosperity, jobs and secure and competitive energy. My counterpart, Jennifer Granholm, the secretary of energy of the United States of America, sent me a clear message: America relies on Romania as a pillar of stability and development for the entire region. Secretary Granholm has accepted our invitation and will be in Bucharest in July, along with energy ministers from across the region, for a high-level event. Romania is a leader in the energy sector and must behave as such," the minister wrote on the social media.According to him, US support is materialised by accelerating the Romanian civil nuclear programme. In the project for units 3 and 4 at Cernavoda, two prestigious American companies, Fluor and Sargent & Lundy, are at the forefront, and at Doicesti the project of small modular reactors continues, counting on the total involvement of the Department of Energy (DoE)."We also met the management of the three companies, and the conclusion is only one: we accelerate together. Romania's success will also be America's success, and Nuclearelectrica will play the role of leader for the development of similar projects throughout Central and Eastern Europe."Other subjects on the bilateral agenda included offshore wind power, restarting heavy water production and geothermal energy. Specifically, ELCEN Director General Claudiu Cretu signed an agreement to carry out a feasibility study on the use of geothermal energy for communal heating in Bucharest, with DoE support."An older dream of ours is being fulfilled through these efforts: cleaner air and lower maintenance bills for the people of Bucharest - facts, not words."At the United States Capitol in Washington DC, Burduja had bilateral meetings with more than 15 members of the US Congress, including representatives French Hill (Arkansas), Chuck Fleischmann (Tennessee), Pat Fallon (Texas), Mike Turner (Ohio), John Garamendi (California), Brandon Williams (New York), Joe Wilson (South Carolina), Sen. Steve Daines (Montana), Sen. Joe Manchin (West Virginia), Sen. Todd Young (Indiana)."Their support is vital to securing funding for energy projects in Romania. The Romania-US relationship is at an unprecedented level. I want to thank ambassador Andrei Muraru and the embassy team, and also my colleagues at the the Ministry of Energy and Nuclearelectrica, for making all these successes possible."
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)...
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 […]
It’s a packed agenda this week, with film festivals, art and jewelry fairs, events for foodies, the start of the light and music show at Bucharest’s Unirii fountains, and an anniversary but slimmed-down edition of the Night of Museums. The public in Iași can attend the events of the Romanian Creative Week, while theater fans […]
