Romania will enter the map of major manufacturers of battery components after signing a memorandum with a company that will build a lithium refinery, Minister of Energy Virgil Popescu told a press briefing on Monday, at the Government headquarters."I am very happy that Romania will be on the map of the big manufacturers of battery components. Because we have to say, no battery can work without lithium. Basically these refineries, these two refineries that will be built in Europe will make this lithium powder, one in Germany, one in Romania. (...) Romania will benefit from an investment of about 400 million euros, jobs and will be put on the map of the electric batteries producer. (...) Within the European legal framework, the Romanian Government pledged to grant state aid to investors who come to invest in Romania," said Virgil Popescu, at the end of the signing ceremony of the Memorandum of Understanding with RockTech Lithium.The director of the German-Canadian company RockTech Lithium, Dirk Harbecke, mentioned that the European Union will use electric cars on a large scale, and to this end, the car industry needs to be prepared to have the necessary components. He said that a first production unit would be installed in Germany, on the border with Poland, and a second production unit for these components would be built in Romania. The investments that the company will make in Romania will lead to the direct or indirect creation of 700 jobs, and the components will be used to equip an average of 500,000 vehicles per year. RockTech Lithium is a Canadian company that produces lithium hydroxide, used in electric vehicles’ batteries. Besides Canada, the company also has operations in Germany, with the aim of “scaling up production right at the heart of Europe’s automotive industry.” Last week, the Ministry of European Projects announced it had discussions with a team from Varta, which considers Romania as a location for a new factory for electric car batteries. According to deputy minister Roxana Minzatu, part of the €1 billion investment could be financed from EU funds.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
