Developing a nuclear program based on U.S. technology, unblocking the Black Sea gas projects and setting up an energy investment fund are some of the goals set out in the Energy chapter of the 2021-2024 Governing Program pledged by the PNL-PSD-UDMR coalition."Decarbonising the energy supply in line with the EU target of cutting greenhouse gas emissions by at least 40 percent from 1990 levels can only be achieved by increasing the nuclear production capacity," the document states.To this effect, one of the strategic objectives is promoting energy investments, particularly in the field of clean energies, such as completing Cernavoda reactors 3 and 4, upgrading Cernavoda Unit 1 and introducing advanced nuclear technologies in the context of the Romania - U.S. intergovernmental partnership."With Romania committing under its National Recovery and Resilience Plan to phasing out coal from energy production by 2032, and following the initialing in October 2020 of the Agreement between the Government of Romania and the Government of the United States of America on cooperation regarding the Cernavoda nuclear power projects and civil nuclear energy, the development of a medium and long-term National Nuclear Program, which would include the development of new nuclear power capacities using small modular reactors with U.S. technology, is absolutely imperative," the representatives of the PNL-PSD-UDMR coalition said.The document also provides for the establishment of the Romanian Energy Fund, a public investment vehicle organized in accordance with the general framework applicable to sovereign development and investment funds, and in line with international best practice standards on energy, owned by the Romanian state through the Ministry of Energy.Amid rising electricity and natural gas prices, the continuation of the state's intervention through regulatory measures is necessary for maintaining a decent standard of living of the population which is largely affected by the high subsistence costs, including housing utilities, yet without affecting energy investments.Other priorities are the implementation of measures to ensure energy security in the context of the EU programmatic guidelines for decarbonising and reducing greenhouse gas emissions, and strengthening energy security as regards fuel and natural gas supplies, by setting up a mandatory stockpiling system in accordance with European legislation.The program also provides for unlocking the Black Sea offshore natural gas projects and expanding gas and electricity networks, investments in renewable energy and "participation in European initiatives to encourage the development of hydrogen technologies, in order to reach the threshold of economic competitiveness and widespread use, with a key contribution to energy security and investment in modern, mature technological solutions that have been sufficiently tested to operate in conditions of economic efficiency."
German company Henkel, with over 500 employees in Romania, has opened a new headquarters in Bucharest, marking a fresh chapter in its three-decade presence in the local market. The space blends Henkel’s “Smart Work” concept with Romanian cultural design elements inspired by Constantin Brâncuși and traditional motifs, while a dedicated quiet zone pays tribute to […]
A couple of years ago, Romania’s Defense Ministry concluded a USD 400 million deal with Israeli company Elbit for the development of seven Watchkeeper X systems, which will be used to detect Russian operations near the border areas. The drones will be delivered in a few months, according to the manufacturer, as reported by Digi24. […]
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
Romanian president Nicusor Dan reiterated in a speech at the 2025 Digital Governance Summit organised by Edge Institute at Cotroceni Palace and published on the Presidency's webpage, thus making it somewhat official, an invitation addressed to the "private community" to draft regulations and sectoral policies that the state is unfortunately unable to design, such as […]
