ELCEN Director General Claudiu Cretu has signed an agreement in Washington to carry out a feasibility study on the use of geothermal energy for communal heating in Bucharest, with support from the US Department of Energy (DOE), Energy Minister Sebastian Burduja wrote in a social media post.He continued meetings with American officials, discussing a project for units 3 and 4 at the Cernavoda nuclear-power plant, a project of small modular reactors, offshore wind energy, the restart of heavy water production, and geothermal energy."In the capital of America, Romania is respected, and energy is on everyone's lips. Joint projects mean prosperity, jobs and secure and competitive energy. My counterpart, Jennifer Granholm, the secretary of energy of the United States of America, sent me a clear message: America relies on Romania as a pillar of stability and development for the entire region. Secretary Granholm has accepted our invitation and will be in Bucharest in July, along with energy ministers from across the region, for a high-level event. Romania is a leader in the energy sector and must behave as such," the minister wrote on the social media.According to him, US support is materialised by accelerating the Romanian civil nuclear programme. In the project for units 3 and 4 at Cernavoda, two prestigious American companies, Fluor and Sargent & Lundy, are at the forefront, and at Doicesti the project of small modular reactors continues, counting on the total involvement of the Department of Energy (DoE)."We also met the management of the three companies, and the conclusion is only one: we accelerate together. Romania's success will also be America's success, and Nuclearelectrica will play the role of leader for the development of similar projects throughout Central and Eastern Europe."Other subjects on the bilateral agenda included offshore wind power, restarting heavy water production and geothermal energy. Specifically, ELCEN Director General Claudiu Cretu signed an agreement to carry out a feasibility study on the use of geothermal energy for communal heating in Bucharest, with DoE support."An older dream of ours is being fulfilled through these efforts: cleaner air and lower maintenance bills for the people of Bucharest - facts, not words."At the United States Capitol in Washington DC, Burduja had bilateral meetings with more than 15 members of the US Congress, including representatives French Hill (Arkansas), Chuck Fleischmann (Tennessee), Pat Fallon (Texas), Mike Turner (Ohio), John Garamendi (California), Brandon Williams (New York), Joe Wilson (South Carolina), Sen. Steve Daines (Montana), Sen. Joe Manchin (West Virginia), Sen. Todd Young (Indiana)."Their support is vital to securing funding for energy projects in Romania. The Romania-US relationship is at an unprecedented level. I want to thank ambassador Andrei Muraru and the embassy team, and also my colleagues at the the Ministry of Energy and Nuclearelectrica, for making all these successes possible."
Romania’s current account (CA) deficit widened by 1.9% y/y to EUR 3.19 billion in October 2025, bringing the deficit in the rolling 12-month period to EUR 29.8 billion – up 9.5% y/y and at 8.2% of the GDP, according to data published by the National Bank (BNR). The CA-to-GDP ratio was 8.2% for the previous […]
Wizz Air officially reopened its base in Suceava, northeastern Romania, on Monday, December 15, marking a key step in its local expansion. With the allocation of two next-generation Airbus A321neo aircraft, the airline now operates a total of 41 aircraft in Romania, with two additional planes already announced for 2026. The reopening coincides with the […]
The Romanian Parliament rejected on Monday, December 15, a no-confidence motion against the government led by Liberal (PNL) prime minister Ilie Bolojan, with the initiative falling well short of the votes required to bring down the cabinet. The motion received 139 votes in favor, far below the 232 needed for adoption, according to
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Runware, a startup founded by two Romanian entrepreneurs, announced last week that it has secured a USD 50 million Series A funding round led by Dawn Capital, one of the largest European investors in B2B software companies. The round also included Comcast Ventures, Speedinvest, Insight Partners, and a16z Speedrun. The company founded by Flaviu Rădulescu and […]
