A new online tool allows the location of Romanian passenger trains, Profit.ro reported. On the Bilete.infofer.ro platform, under the heading "My train/Trenul meu," one can track the position...
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.
A new online tool allows the location of Romanian passenger trains, Profit.ro reported. On the Bilete.infofer.ro platform, under the heading "My train/Trenul meu," one can track the position...
Presidential candidate Ludovic Orban, now the head of a center-right political vehicle but once the leader of the Liberal Party (PNL), announced he was stepping down in favor of reformist leader Elena Lasconi (USR) in a move aimed at triggering a consolidation of the center-right forces under a single candidate, several days before the first […]
The Romanian national postal company Posta Romana will close all its post offices "in the coming years" and rent them out, announced the company's general manager, Valentin Ștefan, quoted by Economica.net. The only reason for not closing the offices...
The Romanian Parliament, by the vote of the Chamber of Deputies, adopted an amendment to the Fiscal Code to exempt from taxation, until July 31, 2025, the earnings derived by natural persons from investments in cryptocurrencies, according to Profit.ro. The timing is important since cryptocurrency...
Transfond, which operates the interbank payments automated clearing house, and the Romanian Association of Banks have officially launched the domestic payment system RoPay, which allows transfers from account to account without the intermediation of card operators such as Visa or Mastercard. "RoPay differentiates itself from other payment solutions through speed, lower costs, and 24/7 availability," […]
The real estate developer Nusco Imobiliara, which is developing a major real estate project in the northern part of Bucharest in the Pipera neighborhood, estimated to eventually involve nearly EUR 1 billion investments, announced plans to issue bonds in the amount of EUR 5 mln to be further listed at the Bucharest Stock Exchange. The […]