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.
Daniel Christian Hulea, a Romanian man accused of contributing to the NetWalker ransomware attacks, has been sentenced to 20 years in prison after pleading guilty to conspiracy to commit computer fraud and wire fraud, according to a public announcement from the US Department of Justice. NetWalker was a Ransomware-as-a-Service operation launched in 2019, which recruited […]
The new Romanian government, headed by the same Social Democratic prime minister, Marcel Ciolacu, recently made its governance program public. Among its objectives are reducing the level of bureaucracy, maintaining the flat tax rate, and reducing the budget deficit to 7% in 2025. To reach its goals, the government reduced the number of ministries to […]
The European Commission (EC) announced on Monday, December 23, that it disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania, totaling EUR 26.8 billion in loans and grants. Under this latest disbursement, Romania received EUR 37.05 million as part of its second payment request. By comparison, according to the...
Romanian film trilogy Moromeții, directed by Stere Gulea, will be presented at the 54th edition of the Rotterdam International Film Festival, taking place from January 30 to February 9, 2025. This renowned European event, which annually presents hundreds of films across more than 20 sections, will feature the three films - Moromeții (1987), Moromeții 2 […]
Romania issued state aid worth EUR 1.3 billion during 2019-2023, with 62% of the projects being granted to foreign companies, according to an analysis conducted by EY Romania. The sectors that benefited the most from aid were the automotive industry, technology, manufacturing (light industry), medical industry, and the food and beverage industry. According to the […]
The Abracadabra – Secrets of Magic interactive exhibition will transform Arcub – Hanul Gabroveni in Bucharest into a magical universe starting December 27, 2024. Running until May 4, 2025, the event offers visitors the opportunity to explore a labyrinth of magic, featuring over 20 interactive attractions and more than 500 live performances by MAGITOT and […]
