The Investments Committee has recently approved the money from the Fund for Modernisation for important investment projects, the total sum approved being almost 1.4 billion euro, announced the minister of energy, Virgil Popescu, on his Facebook page.According to the minister, it is about eight projects lodged by the Energy Unit Oltenia for the production of energy from renewable sources, worth 670.802 million ruto out of which 469.562 million euro from the Fund for Modernisation, the production being in the final stage of 735 MW. The projects aim at the construction of photovoltaic parks on the Rovinari Est area, on the closed deposits of ash and slag of THE ISALNITA SE, on closed deposits of ash and slag of THE SE Rovinari, on closed deposits of ash and slag of SE Turceni, On the inner hallway within the career Tismana 1 - Rosia-Rovinari and on the inner hallway within the career Tismana 2 - Rosia - Rovinari.Similarly, it is about two other projects CCGT for CEO namely Isalnita worth 506.250 million euro, out of which 253.125 million euro from the Modernisation Fund and Turceni, worth 335.009 million euro, out of which 167.505 million euro out of the Modernisation Fund. The total capacity will be 1,200 MW.At the same time, the funds include projects presented by Transelectrica worth 475.51 million euro, out of which 393.675 million euro from the Modernisation Fund, namely: LEA 400 kV Gadalin-Suceava, passage to the 400 kV line voltage of the iron gates - Resita - Timisoara - Sacalaz - Arad. Stage II, passage to 400 kV line voltage iron gates - Resita - Timisoara - Sacalaz - Arad.stage III, passage to 400 kV LEA Braazest Vest - Teleajen - Stalpu, a pilot project - upgrading of the Alba Iulia station in the concept of a digital station, Installation of two modern means of compensating reactive power in Sibiu Sud and Bradu stations, optimization of the existing LEA 400 kv operation in the SEN, used in the interconnector and for the evacuation of power from the Cernavoda nuclear power plant and the renewable energy plants in Dobrogea, through installment of online motorization systems (SMART GRID) and counting system and electricity measuring data system on the wholesale market.‘There were also approved funds for the modernization of the electricity distribution grids, worth 1.2 billion euro, out of which 100 million euro will be allocated this year. During the period to come, the emergency ordnances for the regulation of the institutional framework and financial flows to make the Modernisation Fund more operational. We will continue to invest in the period to come so that Romania will become energetically independent.
Accor, a global leader in hospitality, has announced the expansion of its presence in Romania by signing a franchise agreement with Amazonia Aquapark SRL for Novotel Timișoara. The newly built hotel is scheduled to open by the end of 2027, marking the brand's first property outside Bucharest and becoming a flagship for Novotel in Eastern […]
A survey published on Wednesday, May 14, by the Open Minds Association shows that Romanians strongly support respect and mutual support in the workplace, signaling that the business environment can play a critical role in supporting social unity. According to the first data set from the “Diversity and Inclusion Barometer,” May 2025 edition, 81% of […]
Eight of the largest business organizations active in Romania have voiced their concern over the accelerating deterioration of the business climate and the erosion of Romania’s credibility. The call is signed by AmCham Romania – American Chamber of Commerce in Romania, AOAR – Association of Romanian Businessmen, AHK – Romanian-German Chamber of Commerce and Industry, […]
Low-cost carrier Wizz Air announced six new routes from Timișoara and Brașov, two major cities in western and central Romania, respectively, as well as a third aircraft allocated to its Timișoara base. The additional aircraft will support the launch of five new international routes from Timișoara to Larnaca, Nuremberg, Basel, Frankfurt Hahn, and Naples, with […]
The Ploiești Court of Appeal reinstated the status of protected natural reserve for the Crâng Forest, a remnant of the famous Vlăsiei Woods, in a ruling made public on Tuesday, May 13. In 2024, the Buzău County Council approved the revision of a 1995 decision concerning the protection of natural areas and monuments, removing Crâng […]
Cristina Uruc, interim manager of Romania’s Artexim - the organizer of the George Enescu International Festival and Competition, has been unanimously elected president of the European Association of Artist Managers (AEAA). The decision was made during the organization’s General Assembly held recently in Istanbul, hosted in partnership with Borusan Sanat, one of Turkey’s leading cultural […]
