Romania's Association for Clean Energy and Fighting Climate Change will hold a roundtable conference jointly with the European Commission to discuss the potential of renewable energy in the Black Sea at COP 26, the association's chairman, Razvan Nicolescu, said this Monday."We have gladly accepted the European Commission's proposal to hold an event in Glasgow together. It is an honour for a young organisation like ours. I am glad that we will bring Romania's situation to the attention of Glasgow participants. Even if we still have a lot to do, Romania is currently the most ambitious country in the region in promoting renewable energy and it is ranked among the world's top 5 countries in decoupling economic growth from rising emissions. Ahead of the conference in Glasgow, our association will also release a global 'Clean Path Initiative' under which we aim to make a contribution from Romania to the biggest problem facing humanity: fighting climate change," Nicolescu said.The European Commission will run a pavilion in Glasgow, which will also host a roundtable conference on the Black Sea.The 2021 United Nations Conference on Climate Change, also known as COP 26, is the 26th United Nations Conference on Climate Change and the world's largest such event.The event will take place in Glasgow, the UK, November 1-12, 2021.
Romanian Social Democrat leader and prime minister, also running for the presidential seat this autumn, Marcel Ciolacu, named Liberal (PNL) regional leader Ilie Bolojan as his preferred would-be prime minister. Notably, Bolojan is also being circulated as a potential prime minister in case the Liberal leader Nicolae Ciuca wins the presidential elections. In fact, the […]
Romania’s agricultural sector faces significant setbacks this year, with the European Commission revising crop yield forecasts further downward due to severe drought and heavy rainfall in key producing regions. Grain corn yields are projected to drop to 3 tonnes per hectare - a 10% reduction from last month’s forecast and a staggering 36% decrease compared […]
Romania's Ministry of Energy extended a EUR 33 million grant under the Resilience Facility to Heliomit, a firm controlled by local entrepreneur Tudor Mihăilă (24), for the development of a PV panel assembly plant with an annual capacity of 1,500MW. The photovoltaic panel factory will be developed in Bârlad, Vaslui county. "The support of almost […]
Romania's Ministry of Energy announced it cleared the disbursement of grants under the Resilience Facility in the total amount of nearly EUR 36 million for five power storage projects with a combined capacity of over 790MWh. Among the recipients, there are investment vehicles of "a Dutch billionaire and an Austrian real estate developer," according to
German insurer Signal Iduna announced the signing of the agreement for the acquisition of a majority stake in the Romanian insurance firm Garanta Asigurări from Greece's market leader – The Ethniki, Hellenic General Insurance Company. Following the success recorded in 2021 through the acquisition and integration of the two Romanian subsidiaries (life and general) of […]
Major Romanian online retailer eMAG announced plans to expand operations in the Republic of Moldova in 2025 or 2026. "We are considering an expansion in the Republic of Moldova, but I don't know if it will be in 2025 or 2026," eMAG's CEO Tudor Manea said at the press conference dedicated to the Black Friday […]
