Minister of European Investments and Projects Marcel Bolos declared on Friday in Alba Iulia that Romania is seeking European funding for the expansion of copper mining in Rosia Poieni - Alba County."For the copper mining development project we plan to obtain support under the Smart Growth, Digitalization and Financial Instruments Operational Program. In this regard, we are having talks with the European Commission so that this important project for Romania (...) can be expanded and, why not, succeed perhaps in having this important resource of Romania's processed domestically," Bolos told a press conference.He added that a package of projects is being discussed that refer both to the expansion of copper mining, but also to copper processing."Yet for processing we need to identify the investor who would be willing to invest in such an important infrastructure, both in terms of volume and complexity of the technological process. What we propose to the European Commission involves expanding mining, with the support of Cupru Min company, and, why not, also setting up the processing component also in Alba County," Bolos explained.It is not the first time that the possibility that the ore extracted from the Rosia Poieni deposit be processed in Romania instead of being sold abroad as so far, mainly to China, is being tackled, as various government officials declared along the years that investments should be supported so that the copper ore be processed in the country.Cupru Min, a company under the authority of the Ministry of Economy, has as main activity object the exploitation and delivery in specific forms of copper ore resources/reserves from the Rosia Poieni mining perimeter. The extracted copper concentrate comes from a porphyry deposit which, in addition to copper, contains other metals as well.
Romanians purchased RON 1.49 billion (nearly EUR 300 million) under the last Fidelis issue this year, organised by the Treasury in December, with over two-thirds of the money being placed in euro-denominated debt and more than one-third of the total being placed in long-term 10-year euro-denominated debt with a 6.2% coupon attached, according to data […]
Environment minister Diana Buzoianu announced that the ministry she leads has launched the procedures for a feasibility study aimed at planting 380 hectares of forest shelterbelts in southern Romania, a region increasingly affected by desertification. According to the announcement, the project would result in more than 126 kilometers of tree lines planted along national roads. […]
Romanian president Nicușor Dan said Russia will remain a security threat to Europe even if the war in Ukraine ends in a peace agreement. Speaking after the Eastern Flank Summit in Helsinki, he stressed that European countries must stay calm but strengthen their defense capabilities through increased investment and closer coordination within NATO and the […]
Harta Literară (The Literary Map), a project highlighting real-world places featured in fiction works, will expand next year from Bucharest to Braşov and Iaşi after receiving funding from Romania's National Culture Fund (AFCN). Bucharest was the first city covered by the map, with more than 300 documented places, and 600 highlighted connections to classic and […]
As global competition for university places continues to rise, families are increasingly seeking schools that not only deliver strong academics but also provide the networks, counselling, and preparation needed for the world’s most selective universities. Through its partnership with Dukes Education, Verita International School has become one of Romania’s strongest pathways to top global universities, […]
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
