The European Commission has issued a positive opinion on the technical and nuclear safety aspects of the project for units 3 and 4 of Romania’s only nuclear power plant, the Romanian Energy Ministry announced on Tuesday quoted by euractiv.com. With the Commission’s green light, the plant, managed by the country’s sole nuclear power producer, the state-owned Nuclear Electric Company, and located in the southeastern town of Cernavod?, will receive two additional CANDU reactors. Energy Minister Sebastian Burduja said on Tuesday that the two new reactors are expected to “make an essential contribution to national and regional energy security by producing clean, zero-emission energy.” The Commission’s opinion confirms that the project is in line with the objectives of the Euratom Treaty, which requires nuclear developers to notify the Commission in advance of investment projects and demonstrate compliance with the highest nuclear safety standards. It also contains several recommendations typical of such projects. With four nuclear units soon to be operating, Romania is expected to avoid 20 million tonnes of CO2 emissions per year and create more than 19,000 jobs in related industries. Once the two units come on stream, Romania’s electricity mix will change significantly, with nuclear power expected to account for around 30% of the country’s electricity production over the next decade, up from about 20%, the Nuclear Electric Company added.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
