Korea Hydro & Nuclear Power (KHNP), a South Korean state-controlled company, announced on Monday that it had signed an agreement with Canadian group Candu Energy to speed up preparations to submit a bid in the tender to be held to upgrade the reactor 1 from Cernavoda, Yonhap agency informs. KHNP stated that it signed an engineering services contract with Candu, in accordance with their objective to participate in the modernization of reactor 1 of the Cernavoda nuclear power plant (Romania). The project aims to replace some key components and build the necessary infrastructure that will allow reactor 1 from Cernavoda to operate for another 30 years. According to the partnership with Candu, KHNP will develop a plan for the construction of the infrastructure. “Through this project, we expect to strengthen cooperation between South Korea and Romania in the field of nuclear energy,” said KHNP general manager Whang Joo-ho, who added that the company will focus its efforts on winning the contract that will be auctioned this year. For the same project, last year KHNP signed a tripartite consortium agreement with the Canadian group Candu Energy and the Italian Ansaldo Nucleare S.p.A. Unit 1 of the Cernavoda Nuclear Power Plant (CNE), with an installed capacity of 700 MW, was put into operation in 1996 and has delivered, until now, 133 million MWh, representing 9% of national consumption, over a period of 26 years. Unit 1 also prevented the release of 130 million tons of CO2 into the atmosphere.
Romanian director Radu Jude has won the Silver Bear for Best Screenplay for Kontinental '25 at this year's Berlin International Film Festival/ Berlinale. Kontinental '25 is Jude’s third film awarded in Berlinale’s main competition, after Aferim!, which earned...
With nearly 1,300 real estate transactions in 2024, the company tripled its sales volume compared to 2023. The total value of real estate transactions reached EUR 146 million in 2024. There were 114 transactions in January 2025, double the number in January 2024. With a total of almost 1,300 real estate transactions, North Bucharest Investments […]
Forvis Mazars Group, the international audit, tax and advisory services partnership, releases today its annual CEE M&A report, prepared in association with Mergermarket. It reveals that dealmaking in the CEE region suffered a decline in overall deal value, although a marginal rise in deal volume shows the market’s underlying robustness. The Investing in CEE: Inbound […]
With a total of almost 1,300 real estate transactions, North Bucharest Investments (NBI) managed to triple its sales volume compared to 2023, and the total value of transactions reached €146 million in 2024. This amount reflects an increase of 133% compared to the previous year and consolidates the company's leading position on the real estate […]
French president Emmanuel Macron said that Russia manipulated elections in Romania and that the cancellation of last year's presidential elections did not shock him as a result of that intervention. Macron made the comments during a session of questions from users on social media regarding the situation in Ukraine. Over one hour, he...
Romania’s Ministry of Education released the latest edition of the National Metaranking, identifying the top universities in the country. The ranking has undergone minor changes compared to last year’s edition or the last independent metaranking published in the fall by academic experts. The Transilvania University of Brașov has entered the top 5 universities in Romania, […]
