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.
Romania’s Superior Council of Magistracy (CSM) issued a negative opinion on the new bill regarding magistrates’ pensions. The move is only the latest development concerning a heated issue that led to tensions between the executive and the judiciary branch. CSM’s opinion is consultative, and the government led by Ilie Bolojan can still take responsibility for […]
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
A young Romanian has developed a new system that allows people to return entire bags of recyclable packaging at once, replacing the traditional method of inserting bottles one by one into reverse-vending machines. The concept, called IZI, was created by Ștefan Parascanu, who returned to Romania after studying and working in the United Kingdom. The […]
JTI, the global owner of both Winston and Camel, announced on Thursday, November 27, a plan to build a new, state-of-the-art factory in Ștefăneștii de Jos, Ilfov County. Designed to replace the current Bucharest production site, which is operating under space constraints, the facility is scheduled for completion in 2027. Ground works at the new […]
