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 authorities in Bran, central Romania, recently revealed a plan to transform the central park into an attractive spot for leisure activities that would benefit from the proximity to the small community's famous castle. A specialized design firm has been contracted to modernize the park, and has already begun the process of obtaining approvals for […]
Rubik Hub has been ranked 39th out of 150 in the prestigious Europe’s Leading Start-up Hubs 2025 ranking. Compiled by the Financial Times, in collaboration with international research and data company Statista and start-up media platform Sifted, the ranking identifies and highlights the top-rated and most recommended start-up support programs across Europe. Rubik Hub achieved […]
Romanian foreign minister Emil Hurezeanu stated at the High-Level Segment of the 58th session of the UN Human Rights Council (HRC) in Geneva that strengthening mechanisms for investigating human rights violations in Ukraine is necessary. The statement comes as the United States under the Trump administration has toned down its condemnations against Russia amid the […]
Several Western embassies in Bucharest expressed support for Romania on Thursday, February 27, emphasizing its commitment to the rule of law, democratic values, and judicial independence, Biziday.ro reported. Representatives of France, Germany, the Netherlands, and Spain posted messages on social media reaffirming their confidence in Romania's institutions amid recent criticism from figures associated with the...
RoBoost, Romanian Business Leaders’ program dedicated to the development of Romanian Tourism Brand, was the host of “Strategies and Influencers for the Future of Romanian Tourism” Conference at the RomExpo Tourisn Fair in Bucharest. The Conference brought together industry leaders, experts and influencers to discuss insights and opportunities for a future of...
Romanians welcome spring on March 1 with the centuries-old tradition of mărțișor, a red-and-white trinket symbolizing luck and continuity. To mark the occasion, Patricia Furstenberg, a Romanian-born author in South Africa and a Romania-insider.com reader, shares a story that “blends atmospheric storytelling with the deep-rooted symbolism of mărțișor, exploring how a simple string can carry the […]
