The process of reopening the magnesium and graphite mines could start in 2023, with certain conditions regarding the quality of the graphite mines, Economy Minister Florin Spataru announced on Tuesday."We intend to finalise the approval of these normative acts by the end of the year, so that the actual investments can be made starting with 2023. For this we are discussing with the European Commission, to find the necessary resources through European funds for refurbishment," said Florin Spataru, at the conference "Romania and the top industries: How we can use the opportunity of the accelerated reset of the European economy".The Economy Minister specified that the graphite mines are reopening with certain conditions regarding the quality of this graphite.He stressed that the reopening of these mines and their refurbishment is a long process.At the same time, Spataru explained that the industrial policy has been revised at the EC level."137 critical raw materials on which the European Union is dependent have been identified, taking into account the objectives it has set, in terms of mobility and decarbonisation. Romania has some of these resources, which we have exploited for years, and after that, we closed the mines. For economic reasons, I do not comment on what happened, because this did not only happen in Romania," Florin Spataru added.According to him, one of the raw materials is magnesium, a very important element for aluminum production and for the automotive industry.
Romanians purchased RON 1.49 billion (nearly EUR 300 million) under the last Fidelis issue this year, organised by the Treasury in December, with over two-thirds of the money being placed in euro-denominated debt and more than one-third of the total being placed in long-term 10-year euro-denominated debt with a 6.2% coupon attached, according to data […]
Environment minister Diana Buzoianu announced that the ministry she leads has launched the procedures for a feasibility study aimed at planting 380 hectares of forest shelterbelts in southern Romania, a region increasingly affected by desertification. According to the announcement, the project would result in more than 126 kilometers of tree lines planted along national roads. […]
Romanian president Nicușor Dan said Russia will remain a security threat to Europe even if the war in Ukraine ends in a peace agreement. Speaking after the Eastern Flank Summit in Helsinki, he stressed that European countries must stay calm but strengthen their defense capabilities through increased investment and closer coordination within NATO and the […]
Harta Literară (The Literary Map), a project highlighting real-world places featured in fiction works, will expand next year from Bucharest to Braşov and Iaşi after receiving funding from Romania's National Culture Fund (AFCN). Bucharest was the first city covered by the map, with more than 300 documented places, and 600 highlighted connections to classic and […]
As global competition for university places continues to rise, families are increasingly seeking schools that not only deliver strong academics but also provide the networks, counselling, and preparation needed for the world’s most selective universities. Through its partnership with Dukes Education, Verita International School has become one of Romania’s strongest pathways to top global universities, […]
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
