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.
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 […]
