Prime Minister Nicolae Ciuca said that up-and-coming nuclear and natural gas projects capitalize on Romania's potential to become a regional energy hub. The statement comes as the Premier met on Thursday with John Hopkins, president and CEO of US company NuScale, which will develop in Romania the small modular reactors (SMR) technology for the production of nuclear energy."The inclusion of nuclear energy in the European Union's taxonomy on sustainable financing is a viable solution for achieving Romania's energy independence and decarbonization goals. By further developing nuclear and natural gas projects we will capitalize on our country's potential to become an energy hub in the region, we will develop the industry and create new jobs," the Prime Minister said in a statement issued by the government's Press Office.The talks highlighted the importance of the Global Infrastructure Partnership initiative launched at the G7 Summit, and the allocation by NuScale of a $14 million grant for a new phase of the SMR development program in Romania."The Prime Minister mentioned that, through the Nuclearelectrica National Corporation, Romania will contribute 9 million dollars to the co-financing of this new stage of the program, considering Romania's target of reinforcing its energy profile, in accordance with the European environmental protection vision and the pledged decarbonisation targets. The Prime Minister also welcomed the opening of a facility in Doicesti, Dambovita County, to support the SMR and the partnership with the Polytechnic University of Bucharest, for the development of a NuScale Energy Exploration Center supporting workforce capacity building, that should provide nuclear experts, technicians and operators in Romania," the cited source mentions.Nicolae Ciuca specified that the government will continue to support the projects for the construction of Cernavoda Reactors 3 and 4, as well as investments in renewable energy, stressing that the diversification of energy resources and routes is "paramount for ensuring Romania's energy stability and independence"."The fact that the SMR technology developed by the American company NuScale complies with the highest nuclear safety standards is extremely important in the context where nuclear energy is a fundamental pillar through which we can obtain clean energy at affordable costs for the Romanian citizens and the national economy," Nicolae Ciuca states.
Bistriţa, a city in northern Romania and a former Saxon burg, has been included in the UNESCO Creative Cities Network (UCCN), in the newly-established category of Architecture. This creative field adds to the seven existing ones: Crafts and Folk Art, Design, Film, Gastronomy, Literature, Media Arts, and Music. Bistriţa is one of 58 cities that […]
Real estate developers building residential projects in Bucharest’s District 1 will now be required to contribute financially to the construction of elementary schools in areas lacking educational facilities, the district’s City Hall announced on October 31, Profit.ro...
A bipartisan group of senior members of the United States Congress is preparing legislation to block the Pentagon’s plan to downsize the American military presence in Romania and other NATO outposts along the alliance’s eastern flank,
Prime minister Ilie Bolojan announced that he would not attend the “Prime Minister’s Hour” debate scheduled in Parliament for November 3, citing prior commitments related to Romania’s defence industry partnership with Germany’s Rheinmetall AG. The session had been requested separately by the opposition Social Democratic Party (PSD) and the nationalist Alliance for the Union of […]
Agroserv Măriuța SA (BVB: MILK), a Romanian company in the agricultural sector and owner of the Lăptăria cu Caimac brand, announced the successful closing of the private placement for a new issue of guaranteed corporate bonds, through which it attracted the entire targeted amount of EUR 3 million. “This transaction allows us to refinance the […]
Austrian bicycle manufacturer Simplon will open a new production facility in Timișoara, western Romania, in early 2026, as part of a restructuring plan that will see a partial relocation of operations from its headquarters in Hard, Vorarlberg, Der Standard reported, as cited by Ziarul Financiar. The...
