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.
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
The European Bank for Reconstruction and Development (EBRD) is lending up to EUR 29.9 million to the Romanian city of Brasov to finance energy efficiency upgrades in public buildings, initiating the city’s participation in the Bank’s flagship EBRD Green Cities programme. The Bank’s investment will fund the renovation of up to 20 public buildings, including […]
This festive season, JW Marriott Bucharest Grand Hotel invites guests to embrace the extraordinary and transform each moment into a lasting memory. On New Year’s Eve, the hotel unveils The Grand Countdown — a luminous celebration of new beginnings, thoughtfully crafted across four distinctive venues, each with its own character and atmosphere. The night begins […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over ArcelorMittal Tubular Products Iași (AMTP Iași) by Metinvest B.V. of the Netherlands, part of the Ukrainian steel and mining group owned by Rinat Akhmetov, New Voice of Ukraine reported last week. Metinvest has...
