Romania and Portugal will cooperate within a Work Group in the field of energy, after a Memorandum of Understanding was signed in Lisbon on Monday between the Ministry of the Environment and Climate Action from the Portuguese Republic and the Ministry of Energy from Romania, informs the Ministry of Energy, in a press release quoted by Agerpres. According to the cited source, the Memorandum was signed in the presence of President Klaus Iohannis and Portuguese Prime Minister Antonio Costa. The Minister of Energy, Sebastian Burduja, mentioned that the establishment of this Working Group “represents an excellent opportunity to exchange expertise and experiences between the two states”. “Our goals are similar in terms of the energy transition and we addressed several topics of common interest: pumped storage hydropower projects, including Tarni?a-L?pu?te?ti; offshore wind energy in the Black Sea and the Atlantic Ocean; contracts for difference to stimulate investments in green energy and the predictability of the long-term market. There are just as many concrete opportunities for collaboration, starting from the same understanding of the moment we are going through and for which we need safe, affordable and green energy – in that order,” emphasized Klaus Iohannis. The Minister of Energy participated, between October 8 and 9, 2023, in an official visit to the Portuguese Republic, together with the delegation of the President of Romania, Klaus Iohannis. “The memorandum provides for the establishment of a Working Group, with the role of monitoring and implementing the activities agreed by the signatories. Also, being constituted at a technical level, the Working Group will identify other topics of mutual interest and cooperation. Both Romania and Portugal are at the forefront of the current energy policy, in addition to ensuring security and capitalizing on the potential for solar, wind and other renewable energy, leading to a high potential for bilateral cooperation,” the press release states.
Moldovan carrier Flyone will add a route between Bucharest and Munich starting in October. The flights to Munich will be operated on Mondays, Wednesdays, and Fridays. This adds to the flights it has connecting the Romanian capital to Tel Aviv, Brussels, and Verona. With these routes, the airline is responding to the constant demand from […]
Romanian electricity distributor and supplier Electrica listed the largest issue of green, corporate, and non-financial bonds on the Romanian capital market, reaching a total value of EUR 500 million, on July 30. The bonds, with the stock symbol EL30E, are registered, non-convertible, unsecured, denominated in euro, have a nominal value of EUR 1,000 each, and […]
Dracula Film Festival, the event dedicated to horror and fantasy film, has opened the call for entries in its four competition sections. The festival runs four competition: Dracula Trophy, an international feature film competition; Little Dracula, an international short film competition; Vladutz, a Romanian short film competition; and Dracula Digital, a competition dedicated to young […]
Investment firm Mozaik Investments has acquired a majority stake in Genesis College, a large private educational institution in Bucharest. After receiving all approvals, Mozaik will provide growth capital to accelerate the development of the educational network through investments in new campuses and the expansion of schooling capacity, as well as the development of the International […]
The Romanian investment fund market has surpassed the threshold of one million investors. Moreover, the net assets of the 248 open-ended and closed-ended funds reached RON 51.8 billion (EUR 10.2 billion) in June, according to data from the Romanian Fund Managers Association, or AAF. Specifically, 1,007,481 people in Romania had money in the local and […]
Local authorities in Hunedoara announced investments worth RON 200 million for the King’s Road, which connects the spa resort Vața de Jos, in Hunedoara County, and the Royal Castle at Săvârșin. The road was built in the post-war period by order of King Michael I of Romania and was paved with cobblestone. Now, the authorities […]
