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.
Romania's acting president, Ilie Bolojan, has invited leaders of parliamentary parties to consultations on Wednesday, February 26, to prepare the country's stance for the extraordinary European Council meeting on March 6 in Brussels. The summit, convened by European Council president Antonio Costa,...
Roughly 40 searches took place in the Port of Constanța and other locations on Monday, February 24, in an investigation by the Anti-Corruption Directorate, or DNA, targeting influential local businessmen, former customs officials in the port, and one of the leaders of the Constanța branch of the governing Social Democratic Party (PSD). The prosecutors’ accusations […]
The Bucharest Community Foundation has announced funding for two new projects aimed at enhancing climate resilience in the Romanian capital by implementing sustainable ecological solutions to improve urban infrastructure and environmental quality. The projects were selected through the sixth round of the Environmental Platform for Bucharest initiative. Out of 16 eligible proposals, the jury chose […]
One of the hostages released on Saturday, February 22, by the terrorist organization Hamas also holds Romanian citizenship. The exchange took place before another setback in negotiations and exchanges. Hostages Tal Shoham and Avera Mengistu were released during a staged event in Rafah, and hostages Eliya Cohen, Omer Shem Tov, and Omer Wenkert were released […]
Polish company Scallier, who is expanding its network of Funshop Park retail parks in Romania, is set to open a new shopping center in the Arad region. The opening date for the roughly 10,000 sqm retail park is March 6. The decision to build a retail park in the Arad region in western Romania was […]
Morphosis Capital Fund II has made its first investment outside Romania by acquiring a minority stake in EnduroSat, a leading European provider of high-end satellites and space services. The investment is part of a broader funding round aimed at accelerating EnduroSat’s expansion in the fast-growing "New Space" industry. EnduroSat, founded by Raycho Raychev, specializes in […]
