Electrocentrale Bucuresti (ELCEN) signed on Tuesday a Memorandum of Understanding (MoU) with Sage Geosystens Incorporated, a US company that develops geothermal energy exploitation and storage technologies, in order to carry out a feasibility study on the implementation of geothermal resource utilization technologies within the centralized heating system in Bucharest.The Memorandum of Understanding was signed by the general director of ELCEN, Claudiu Cretu, in the presence of the secretary for Energy of the United States of America, Jennifer Granholm, and the minister of Energy, Sebastian Burduja, on the sidelines of the P-TECC Ministerial Business Forum Business - Transatlantic Partnership for Energy and Climate Cooperation), event organized by the Ministry of Energy in partnership with the US Department of Energy on July 23-24 in Bucharest.According to a press release sent to AGERPRES, through this MoU, ELCEN will facilitate access to relevant data and the necessary infrastructure in order to carry out the feasibility study and will contribute with technical expertise and operational knowledge specific to the centralized heating system at the level of the Municipality of Bucharest. Sage Geosystems will carry out the technical and geological analysis and the feasibility study regarding the geothermal energy use solution.The benefits of this collaboration are aimed at ensuring sustainability, innovation and efficient economic solutions regarding the future of centralized heating in the Bucharest City. This approach is in full accordance with the national and European objectives regarding the transition to sustainable energy.According to the source, for ELCEN the long-term stake is the integration of renewable technologies in the process of producing electricity and thermal energy. The exploration of the integration potential of geothermal energy comes in the context of the existence of geothermal resources on almost the entire surface of Bucharest, especially in its northern part. Geothermal energy is already successfully used for this purpose in the western area of Romania.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
