The participation of Korean companies in the development of the nuclear sector in Romania was one of the topics analyzed on Thursday by the minister of Energy, Sebastian Burduja, and the ambassador of the Republic of Korea in Bucharest, Rim Kap-Soo, the Ministry of Energy informs in a press release.During the meeting held at the institution's headquarters, the two sides presented the priorities in bilateral relations regarding nuclear energy and the joint cooperation projects in this sector, the discussions also being focused on the interest of investors from the Republic of Korea in the construction of reactors 3 and 4 at Cernavoda, the upgrading of Unit 1, as well as the development of technology based on Small Modular Reactors (SMR)."The participation of Korean companies in the development of the energy sector in Romania underlines the fruitful cooperation between the two countries, both dignitaries expressing their appreciation for the dynamics of bilateral relations in recent years," the Ministry of Energy's press release reads.
President Nicuşor Dan, on December 4, returned to Parliament amendments tightening Romania’s law against extremism, arguing that several provisions are vague and risk enabling abuses, according to a statement released by the Presidency. The Constitutional Court had previously upheld the amendments after the Presidency challenged them, prompting criticism from organisations within the Jewish community. By […]
Fitch Ratings on December 4 affirmed the long-term Issuer Default Rating (IDR) for Romania's largest lender, Banca Transilvania (BVB: TlV), at BBB- with a negative outlook, in line with the country's sovereign rating. The price of the bank's shares rose 1.2% on the day the rating agency announced its decision, bringing the bank's market capitalisation […]
The Romanian authorities will only supervise the operations at Lukoil’s Petrotel refinery and not be involved in its management until a new owner is found, according to an emergency ordinance approved by the government in Bucharest this week, as reported by Hotnews.ro. Russian group Lukoil is seeking buyers for its...
The ‘5 to go’ coffee shop chain announced the signing of a partnership with the national gas station network RO concept OSCAR, owned by businessman Alin Niculae, according to Economica.net. The gas station network has reached 120 strategically distributed stations nationwide, of which more than 90 are franchised under the RO concept...
Romania's Port of Constanţa rose to 10th place among European seaports by cargo volume in 2024, despite handling just over 50 million tonnes, a 14% decline from the 67 million tonnes processed in 2023, Ziarul Financiar reported, citing Eurostat data. Eurostat figures showed that Romania ranked 13th in 2023, with the latest shift driven by […]
In 2025, the seasonal home & deco category is shifting from “occasional ornament” to a carefully considered investment in home comfort. Consumers look not only for beautiful objects but for coherent design concepts that are versatile, easy to integrate into their homes and simple to mix from one year to the next. In this context, […]
