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.
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, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
