The locations of the small-sized nuclear reactors in Romania will be decided under a study that started last year, but some of them may coincide with the coal-fired power plants that were closed or are going to be closed, confirmed Teodor Chirica - CEO of Romanian nuclear company Nuclearelectrica, which recently sealed with the US peer NuScale a memorandum for the development of such power generation units across the country. "The study takes into account elements of meteorology, population, geological structure," explained Chirica in a show aired by public TV station TVR 1, quoted by Economedia.ro. The US and Romania announced last week in Glasgow plans for the development, by 2028, of small-sized reactors in Romania for electricity generation. The US company NuScale Power has developed a technology based on small nuclear reactors (like the ones used by nuclear submarines), for which it received US authorization. In Europe, however, these nuclear mini-reactors are not yet licensed. In addition to Romania, NuScale Power has concluded memoranda with state energy companies from Poland, Bulgaria and Ukraine.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
