Geothermal energy represents one of the most feasible resources in green transition, while CLGS are a solution for the use of this type of energy, according to the Oil and Gas Employers’ Federation (FPPG). They explained, at a meeting with the press, that CLGS already used in Canada, Germany and USA, presents significant key advantages to conventional systems, among which the absence of fracture, the possibility of exploiting geothermal energy regardless of the availability of warm water sources in the vicinity of the cogeneration plant, the lack of risks of induced seismicity, the absence of any elements undergoing corosion, erosion, deposits and the direct connection between towns where there is demand and warm water resources. The closed circuit system supposes in depth drilling and introduction of pipes made of a special material in the soils in the vicinity of the magma rock layer, where there are temperatures of 300 degrees. Pipes are filled with water which will receive rock warmth. Water returns to the surface and reaches the cogeneration plant, where electric and thermal energies are produced. Romania is among the first five European countries with geothermal energy potential. 24 sites are being explored now and there are many underground sources of geothermal waters. FPPG experts pointed out that more locations in the west part of Romania, close to the border with Hungary, present adequate geological conditions for the development of geothermal projects and the application of heat systems in closed circuit. Several towns in Romania are already interested in the exploration and use of geothermal energy to heat residential areas: Arad, Timisoara and Oradea. The low number of very big drilling instalations needed for such works is a problem in the implementation of such projects, about 15 such installations being found in Europe. The initial cost of such installations is very high, at least million euros per loop, but later operational costs are very low. A series of legislative amendments are needed to use these geothermal resources, such as the amendment of the Mine Law recommended by FPPG representatives.
Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]
The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]
Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]
Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]
Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]
Another 93 searches were carried out at public institutions and private residences on Thursday, July 3, in the case of illegally-obtained Romanian identity documents for citizens of former USSR countries. Earlier this week, Romanian police completed 206 searches in the same case. Prosecutors claim that between 2023–2024, over 1,700 individuals born in the Russian Federation, […]
