The companies Hidroelectrica (from Romania) and SINTEF (from Norway) have started the implementation of the project "Networking, Exchange, Sharing and Transfer of Knowledge, Technology, Experience and Practices in the field of electricity production in hydropower plants," Hidroelectrica informs in a press release sent on Monday.In March 2024, the first information regarding the opening of the "Open Call for Bilateral Cooperation in the Green Transition" got published. The presentation workshop took place on April 23, 2024, with the allocated budget being of 1,250 million euros, granted through the EEA & Norway Grants 2014 - 2021 financing instrument.The EEA and Norwegian grants are funded by Iceland, Liechtenstein and Norway. The grants have two objectives - to contribute to an equal Europe, both socially and economically - and to strengthen the relations between Iceland, Liechtenstein and Norway and the 15 beneficiary states in Europe. The objective of the grants is to reduce social and economic disparities and to strengthen bilateral relations. This strengthens the internal market, leading to a more prosperous Europe."Considering that applying to this call is an opportunity to better contribute to the energy transition in Europe by strengthening the collaboration with one of the most important representatives of the Norwegian and global hydropower sector, by carrying out well-defined activities related to our common needs of improvement and development, benefiting from financing under the EEA & Norway Grants Programme, the team of specialists in accessing financing at Hidroelectrica developed and submitted the financing application within the requested deadline, on May 31, 2024," the press release reads.According to the conditions mentioned in the call documents, Hidroelectrica and SINTEF were considered eligible to access this financing instrument, which represents an opportunity for Hidroelectrica to obtain specialized support from a company with European experience, for the development of the knowledge and skills of its own specialists in the implementation at the company level of modern solutions to optimize the programming of the operation of hydroelectric power plants that will lead to the efficiency of production and subsequently of the trading of electricity produced from renewable sources in the capacities in the portfolio.Hidroelectrica, the most important Romanian electricity production company with a long history in the operation of hydropower plants, aiming at the further development of a sustainable energy system, will carry out this project together with the Norwegian company SINTEF, recognized as a world leader in solutions to optimize operation programming hydroelectric power plants.Hidroelectrica operates 187 hydropower plants with a total capacity of 6.3 GW and owns a wind farm with an installed power of 108 MW, covering 13.9% of the competitive electricity market in the country.
The authorities in Bran, central Romania, recently revealed a plan to transform the central park into an attractive spot for leisure activities that would benefit from the proximity to the small community's famous castle. A specialized design firm has been contracted to modernize the park, and has already begun the process of obtaining approvals for […]
Rubik Hub has been ranked 39th out of 150 in the prestigious Europe’s Leading Start-up Hubs 2025 ranking. Compiled by the Financial Times, in collaboration with international research and data company Statista and start-up media platform Sifted, the ranking identifies and highlights the top-rated and most recommended start-up support programs across Europe. Rubik Hub achieved […]
Romanian foreign minister Emil Hurezeanu stated at the High-Level Segment of the 58th session of the UN Human Rights Council (HRC) in Geneva that strengthening mechanisms for investigating human rights violations in Ukraine is necessary. The statement comes as the United States under the Trump administration has toned down its condemnations against Russia amid the […]
Several Western embassies in Bucharest expressed support for Romania on Thursday, February 27, emphasizing its commitment to the rule of law, democratic values, and judicial independence, Biziday.ro reported. Representatives of France, Germany, the Netherlands, and Spain posted messages on social media reaffirming their confidence in Romania's institutions amid recent criticism from figures associated with the...
RoBoost, Romanian Business Leaders’ program dedicated to the development of Romanian Tourism Brand, was the host of “Strategies and Influencers for the Future of Romanian Tourism” Conference at the RomExpo Tourisn Fair in Bucharest. The Conference brought together industry leaders, experts and influencers to discuss insights and opportunities for a future of...
Romanians welcome spring on March 1 with the centuries-old tradition of mărțișor, a red-and-white trinket symbolizing luck and continuity. To mark the occasion, Patricia Furstenberg, a Romanian-born author in South Africa and a Romania-insider.com reader, shares a story that “blends atmospheric storytelling with the deep-rooted symbolism of mărțișor, exploring how a simple string can carry the […]
