US President Joe Biden and Romanian President Klaus Iohannis announced în Glasgow plans to build a “first-of-a-kind” small modular reactor (SMR) plant in Romania in partnership with U.S. NuScale Power, bringing the latest civil nuclear technology to a critical part of Europe, informs a White House’s press release. The Partnership will bring SMR technology to Romania, positioning U.S. technology to lead in the global race for SMR deployment. The commercial agreement will include a 12-module NuScale plant, initially creating over 6000 U.S. and Romanian jobs, including union jobs, with the potential to create 30,000 U.S. and Romanian jobs as the project grows. Deployment of SMR technology will be an important contributor to a decarbonized power sector and net zero future. A grant agreement in this regard was signed 10 months ago between the Trade and Development Agency (USTDA) and the National Nuclearelectric Society (SNN), with the former US ambassador to Bucharest, Adrian Zuckerman, noting at the event that this is another step forward in strengthening the bilateral relationship in the field of Energy. The grant is granted for technical assistance in order to develop “Small Modular Reactor” (SMR) solutions in Romania. The technical assistance provided by the USTDA will support Romania’s efforts to include SMR technology in its national energy strategy. This assistance will identify a short list of places compatible with SMR technology, analyze the options for SMR technology and prepare roadmaps for licensing each selected place. SNN selected Illinois-based Sargent & Lundy for assistance. The signing took place online with the participation of Cosmin Ghita, General Manager of Nuclearelectrica and Todd Abrajano, General Manager and Operations of USTDA. In this context, the US Ambassador spoke about the bilateral relationship in the field of energy. “Today’s signing of the Nuclearelectrica grant by the US Agency for Trade and Development (USTDA) is a very important step in strengthening bilateral energy cooperation and, more importantly, in Romania’s economic development in the future,” Zuckerman said back then.
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Romania’s modern retail market expanded to 4.73 million square metres by mid-2025, but remains unevenly distributed across the country, with more than two-thirds of total space concentrated in a few regions, Cushman & Wakefield Echinox reported. The capital Bucharest and the broader Centre-West region - encompassing Transylvania and Banat - account for over 60% of […]
The Embassy of the Russian Federation was the sole foreign mission to send a message of condolences following the death of Romania’s former president Ion Iliescu, notes Iulian Anghel in a column in Ziarul Financiar. The message came 24 hours after the Romanian authorities officially announced Iliescu’s...
The Romanian government has initiated the process to appoint new leadership for the Agency for Monitoring and Evaluation of the Performance of Public Enterprises (AMEPIP), Economedia.ro reported. The move follows the creation of selection...
Romania's National Agency for Fiscal Administration (ANAF) has issued a warning to companies and individuals after identifying irregularities in value-added tax (VAT) declarations, Economedia.ro reported. The discrepancies were uncovered...
The future edible oil factory in the Galati Free Zone in eastern Romania, planned by Sunpro Oils (Romania), has received the construction permit so that the works will begin shortly. The equipment has started to arrive, mayor Ionuț Pucheanu announced on Facebook. With Sunpro Group (Switzerland) among the owners with a 25% participation, Sunpro Oils […]
