In a meeting with representatives of the main power generation companies in the country, Romanian prime minister Nicolae Ciuca and minister of energy Virgil Popescu reviewed the options for increasing the installed generation capacity in the short term, until next year. Thus, the coal and power group CE Oltenia will increase the operating capacity by 300 MW, and Romgaz will complete the gas-fired power plant at Iernut (210 MW) that was supposed to be ready years ago, Hotnews.ro reported. Separately, the investments in the hydropower generation units will result in 200 MW supplementary generation capacities, the Government’s officials estimate without explaining whether this would be achieved by upgrading the existing hydropower plants or by commissioning new ones. At the same time, the Government assures that it will speed up the investment plans financed under the Modernization Fund for the development of energy production capacities, including from renewable sources. Thus, since the beginning of this year, CE Oltenia has submitted projects worth EUR 1.4 bln, of which EUR 895 mln is to be financed under the Modernization Fund. Another EUR 400 mln will be allocated to projects submitted by power transport company Transelectrica. This month, calls for energy projects worth EUR 960 mln will be launched, which will generate an additional 260 MW of installed generation capacity. From the Modernization Fund, another EUR 2.8 bln will be made available this autumn for the development of energy production capacities. The Modernisation Fund is a dedicated funding programme to support 10 lower-income EU Member States in their transition to climate neutrality by helping to modernise their energy systems and improve energy efficiency. The beneficiary Member States are Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia.
The second stage of the international Grand Chess Tour, one of the most important chess tournaments in the world, will take place in Bucharest from May 7 to May 16. The first stage of will take place in Warsaw, Poland. However, the event’s opening will take place on May 6. In addition to these two, […]
Voxxed Days Bucharest 2025 concluded the 2025 edition on 27th March, after two days of successful workshops and conferences. "I'm grateful we managed to bring together 300 developers and tech team leaders again this year, in a conference dedicated to a passionate developer community. It was a significantly bigger effort than in previous years, given […]
Romania’s civil shelters, which are to be used to protect people in the event of armed conflict, are few, unsanitary, and largely obsolete in terms of equipment, according to a report by the Court of Accounts. The audit conducted by the Court of Accounts on the situation of civil...
The organizers of music festivals Untold and Neversea have signed an agreement with the Bucharest City Hall to organize a "mega-festival" in the capital this year. The large-scale project is set for a pilot edition this year, with plans to have it "grow year by year." It will take place at Arena Naţională. The talks […]
Around 61% of Romanians say they have been the target of online fraud attempts, the most common consequences being the infection of the device with malware or viruses (42%) and the loss of money (30%), according to the latest study conducted by Reveal Marketing Research. Of those who have been targeted, 39% have experienced such […]
Showpad, active in AI-driven revenue enablement technology, announced the official launch of its Research and Development center in Bucharest. With headquarters in Ghent (Belgium) and Chicago (US), Showpad is "strategically positioning its new R&D center to tap into the rich talent pool and burgeoning technology ecosystem of Romania." It also underscores Showpad's dedication to accelerating […]
