National Corporation Nuclearelectrica S.A. and nuclear and isotope technology company Laurentis Energy Partners - a commercial subsidiary of Canada's Ontario Power Generation, signed on Thursday in Paris a memorandum for the production of medical isotopes at the Cernavoda Nuclear Power Plant and for exploring the development of heavy water production in Romania, the Energy Ministry informs."It is a significant step to help improve the health of millions of people and demonstrate the multiple benefits of nuclear power plants, which generate clean energy, contribute to energy stability, decarbonization and economic growth, and support cancer treatment. Equally important is the project to resume heavy water production in Romania, an initiative begun during the term of former minister Virgil Popescu. The global demand for heavy water experiences a spectacular increase, and Romania can be a strategic player," said Energy Minister Sebastian Burduja, according to the cited statement.This step comes shortly after the announcement about the Government of Canada providing funding to support the construction of Cernavoda reactors 3 and 4.The memorandum was concluded against the backdrop of the over 55-year Romania - Canada partnership in the field of nuclear energy and of the announcement made by Canadian Minister of Energy and Natural Resources Jonathan Wilkinson about a 3 billion Canadian dollar deal to support the development of Cernavoda Units 3 and 4, which strengthens energy security and furthers the production of clean energy.The agreement was formalized on Thursday, with OPG president and CEO Ken Hartwick, and Nuclearelectrica CEO Cosmin Ghita signing a Memorandum of Understanding, in the presence of the Romanian Energy Minister Sebastian Burduja. The signing took place on the sidelines of the Roadmap To New Nuclear conference organized in Paris by the Nuclear Energy Agency, which sees the participation of over 21 international ministers and hundreds of industry professionals.
Romania allocated 1.9% of its Gross Domestic Product (GDP) to environmental protection in 2024, the equivalent of RON 28 billion (some EUR 5.6 billion), according to data published on Friday, October 24, by the National Institute of Statistics (INS) and quoted by Agerpres. The largest share of spending went to waste recovery,...
Sorin Grindeanu, the interim leader of the Social Democratic Party (PSD), the largest in Romania’s ruling coalition, has attacked prime minister Ilie Bolojan whose resignation he asked unless a committee is set up with the participation of the Supreme Magistracy Council (CSM) and the High Court (ICCJ) on re-writing the magistrates’ pensions law recently rejected […]
The government of Romania approved the signing of an agreement and the establishment of a joint commission with the Republic of Moldova to coordinate all activities related to the construction of the new road bridge over the Prut river, in the Bumbata - Leova area, Profit.ro announced. Earlier this year, in April, the construction of […]
After the IPO conducted by Romanian cold-cuts producer Cris-Tim was heavily oversubscribed on the retail segment during the first days (when a discount applied), the institutional investors have already covered their segment with offers - while the price has still not increased significantly above the lower-end bound, according to
Romania's telecom operator Digi Communications (BVB: DIGI) announced on October 23 in a note to investors that it has increased the bond issue initially announced at EUR 500 million to EUR 600 million, setting an interest rate of 4.625% per year and maturity in 2031. Most of the money will be used for refinancing. The […]
The Ministry of Finance confirmed in a press release that Romania has obtained the agreement of the European Commission to replace the milestone in the PNRR regarding the reduction of the VAT gap and has avoided a loss of up to EUR 1 billion in grants in 2026. Following negotiations between Alexandru Nazare, minister of […]
