EBRD extremely concerned by developments at the Chernobyl nuclear power plant Bank has managed €2.5 billion in international funds to transform the site since 1995 The war must not be allowed to ruin recent achievements The European Bank for Reconstruction and Development (EBRD) is extremely concerned by recent developments at the Chernobyl Nuclear Power Plant (ChNPP) in Ukraine. The EBRD, which has been managing over €2.5 billion in international funds to transform Chernobyl since 1995, believes that recent events are putting in jeopardy the achievements of decades of successful international collaboration to secure the site. The Bank’s position on ChNPP is fully aligned with the International Atomic Energy Agency (IAEA) and is based on the following safety and security considerations: Uninterrupted power supply must be maintained for the Chernobyl facilities. Any loss of power is potentially a serious threat to their nuclear safety. Since monitoring and control systems on site do not work, operators will not be aware of possible risks. They must stay in operation. The Chernobyl facilities have been operated by the same depleted shift of employees for more than two weeks. Normal shift rotation as well as supplies to operating staff must be ensured. Any military action on site is extremely dangerous for the old spent fuel storage facility housing around 20000 RBMK fuel assemblies. Inspections by the Ukrainian regulator and the IAEA must be allowed. Beyond Chernobyl, there are 15 VVER-type units across Ukraine. They have a relatively weak containment and will not withstand a direct hit, which may result in irreversible consequences. Transforming Chernobyl was a long-term challenge. Through the EBRD-managed funds the international community, together with Ukraine, has managed to transform Chernobyl into an environmentally safe and secure site. It has created the foundations to develop and implement a national nuclear safety strategy for the coming decades. The ongoing war must not be allowed to ruin these achievements.
Romania registers one of the highest shares in Europe of people aged over 16 with disabilities who are at risk of poverty or social exclusion, according to Eurostat data processed by Monitorul Social, a project of Friedrich-Ebert-Stiftung Romania. A total of 38.4% of people with disabilities in the country were at risk of poverty or […]
New research by Revolut Business among 150 Romanian business decision-makers (CEOs, CFOs, and COOs) revealed that local companies prefer to invest their money in modernizing their IT infrastructure and automating outdated systems rather than in artificial intelligence. When asked where the largest budget increase will go this year, ‘modernizing IT infrastructure and cloud migration’ takes […]
Romania’s modern retail market surpassed the 5 million sqm threshold in 2025, following the delivery of around 190,000 sqm of new retail space, about 20% above the average of the past five years, according to an annual report by Colliers. Despite a more moderate economic backdrop, 2026 is expected to bring roughly 240,000 sqm of […]
Romanian business leaders remain optimistic for 2026, with 86% of C-suite executives surveyed in Forvis Mazars's C-suite barometer: outlook 2026 expecting growth. This is slightly below the 92% reported globally and down from 90% in 2025. While confidence is strong locally, Romanian executives are more cautious than their global peers, reflecting the region's economic and […]
As one of the largest economies in the world, Germany is without a doubt one of the best countries to do business in. Economic stability, excellent infrastructure, and trade cooperation with nations worldwide are some of the reasons to launch a company here; however, they are not the only ones. What makes Germany appealing for […]
One United Properties (BVB: ONE) recorded total residential sales and pre-sales of EUR 174.1 million in 2025, corresponding to 57,018 sqm of residential and commercial spaces. These results reflect the sale and pre-sale of 577 apartments and commercial units, as well as 768 parking spaces, and represent a 18% price increase. The 18% increase in […]
