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.
Several civic organisations held a protest last week targeting the leadership of Romania’s judiciary, after accusing senior magistrates of overstepping their institutional roles, Epochtimes-romania.com reported. The groups - Iniţiativa România, Corupţia ucide,...
The ruling coalition will no longer negotiate with the Superior Council of Magistracy (CSM) and the High Court (ICCJ) on the magistrates’ pensions law but instead will come up with a revised version of the bill by November 18, inviting magistrates’ associations to demonstrate their loyalty by issuing the necessary consultative opinion timely, such to […]
Along with the American investment fund Carlyle, which is said to want Lukoil's assets under a global deal and is already active in Romania through the Black Sea Oil and Gas company as the third largest gas producer in Romania (10%), there are at least two other companies interested, according to Romanian minister of energy […]
Subscriptions under the November 2025 issue under the Fidelis government bond scheme were the weakest in the last six months, signalling a moderation in investor appetite for this form of savings. The state raised only RON 1.3 billion (EUR 260 million), of which approximately two-thirds came from tranches denominated in euros,
The International Monetary Fund (IMF), under its annual Article IV Consultations with Romania, said that the country’s general government budget deficit may drop to 5.8% of GDP in 2026 and suggested further steps for further fiscal consolidation. The Fund’s proposed plan focuses on personal income taxation, which would generate 0.9% of GDP higher revenues by […]
Romania’s current account (CA) deficit widened by 7.5% y/y to EUR 8.8 billion in Q3, despite a slight improvement in the balance of trade in goods (the country’s main source of external deficit), according to data published by the National Bank (BNR). The deficit of the trade in goods contracted by 7.8% y/y (by EUR […]
