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.
Romania’s Finance Ministry managed to attract RON 681.3 million and EUR 192 million (totaling RON 1.65 billion or EUR 326 million) through the sixth offering of government Fidelis bonds for retail investors. The new bonds were listed on the Bucharest Stock Exchange, an event marked on Thursday, July 17, at the BVB headquarters. According to […]
A new Hilton Garden Inn hotel will open in Bucharest as part of the final construction phase of the EnVogue Residence – Iuliu Maniu project, the developer announced Thursday, July 17. The hotel will be integrated into a two-section building, whose structure has already been completed, and will feature 125 rooms, a gym, restaurant, event […]
The Bucharest Stock Exchange (BVB) has announced the semi-finalists for the 2025 edition of its flagship program, BVB Arena, which aims to highlight ambitious Romanian entrepreneurial companies capable of driving the national economy. From an impressive initial pool of 485 valid nominations, the Nomination Committee selected 50 semi-finalist companies representing diverse sectors, including IT&C, trade, […]
Romanian president Nicușor Dan will pay an official visit to Berlin, Germany, on Friday, July 18, the Presidential Administration announced. The visit, taking place at the invitation of German president Frank-Walter Steinmeier, includes official talks with both president Steinmeier and German chancellor...
An analysis published by recruitment platform eJobs shows that the highest salaries in Romania in the first half of 2025 were in Bucharest and the counties in the west of the country. The southern parts, on the other hand, had the lowest average salaries. Over 130,000 jobs and 5.1 million applications were recorded in the […]
Former tourism minister Elena Udrea is to be released on parole from Târgșor Prison on Thursday, July 17, following a final decision issued by the Prahova Tribunal. The court rejected an appeal filed by the anti-corruption prosecutors (DNA Ploiești), who had challenged a previous ruling by the Ploiești Court approving Udrea’s conditional release,
