Unit 1 of the Cernavoda Nuclear Power Plant will be halted as of 2026 for retooling works, which will take two years and will extend its service life by 30 years, Romeo Urjan, the head of the Technical and Retooling Division of Nuclearelectrica stated on Monday. “As of 2026, Unit 1 of Cernavoda will stop for the actual works. Until then, we are making all the necessary preparations. We will make a feasibility study which will be concluded by 2021 and then we will carry out the demarches for the procurement of the equipment, which need to be ordered 3-4-5 years prior, being specific products,” Urjan told a profile conference. According to him the feasibility study will say the exact value of the investment, which, according to estimates, ranges between 1.2 and 1.5 billion Euro. “After two years of retooling, Unit 1 will function for another 30 years. Thus we will have a plant as good as new for another 30 years, as opposed to the costs of a new plant, which would be double or even triple. The economic advantage is therefore clear,” the Nuclearelectrica official added. Nuclearelectrica operates the Nuclear Power Plant of Cernavoda, where two CANDU 6-type reactors are working, with a total power of 1,400 MW. They ensure approximately 20 percent of the national production of electricity. Unit 1 was put into service in 1996, and Unit 2 in 2007.
The share of companies predicting a reduction in the number of employees in the upcoming year has increased to 11% in January 2025 from 2% same time last year, according to the HR Barometer survey conducted by PwC Romania. Fiscal measures taken by the government to reduce the budget deficit, such as the elimination of […]
The Veranda Mall shopping center, located near Bucharest’s busy Obor market, is up for sale and has reportedly caught the interest of real estate investors AFI Europe and M Core, Profit.ro reported. The mall is currently owned by the Pogonaru...
Romanian prime minister Marcel Ciolacu announced that a team of lawyers contracted by the government managed to block the sale of the painting Saint Sebastian by the renowned artist El Greco, which is part of Romania’s heritage. Ciolacu added that earlier this month, the government mandated lawyers to pursue the recovery through legal proceedings at […]
Romania’s eMAG and HeyBlu, a financial services company owned by the eMAG group, have announced the acquisition of Orange Money by taking over 100% of its shares. The transaction is part of eMAG’s strategy to expand and diversify its financial services, the company said. “The acquisition of Orange Money is part of eMAG’s strategy to […]
The Romanian Olympic and Sports Committee (COSR) announced the team for the European Youth Olympic Winter Festival (EYOF) Bakuriani 2025, which will take place in Georgia from February 9 to 16. Twenty athletes will compete in four disciplines, namely biathlon, alpine skiing, cross-country skiing, and snowboarding. The biathlon team comprises eight athletes, evenly split between […]
Only 28% of teenagers in Romania aged 11-15 engage in the minimum required level of physical activity and sports to maintain good health, according to a study conducted by the World Health Organization cited on High5 Podcast. Additionally, only 23% of them perform sufficient moderate and intense physical activities for their stage of development, which […]
