Romania needs a lot of heat pumps in the coming years to achieve its decarbonisation target in the heating and cooling sector, Sorin Elisei, director general at the Ministry of Energy, told a specialist event on Wednesday."On the electricity side, we are starting to do well. In 2030, Romania has an 87% reduction in emissions in the energy sector as against 1990 - and that is largely due to the "coal fault", so to speak, the elimination of coal, just as we set our targets under the National Recovery and Resilience Plan (PNNR)," Elisei told a ZF ESG 2024 conference on the pillars that underpin sustainable investments and how to build sustainable businesses.In his opinion, carbon capture and storage could be something that Romania could take advantage of, offshore rather than on-shore, but also an opportunity that is directly linked, for example, to the cement industry."We will need a lot of heat pumps in the coming years to be able to achieve our decarbonisation target in the heating and cooling sector. We see how other countries have attracted investment in factories - and that's what I think we should be moving towards. As Mr Fechet [environmental minister] said about investing in a glass factory, we should reach out to producers of net zero technologies. The renewable part for which billions and billions of euros have been allocated is on a good track."Minister Fechet said on Wednesday that funding sources are currently being sought at government level in order to attract investment to Romania for glass processing, given that the glass industry is one with a high added value that involves very high investments and operating costs. (Photo:https://www.myclimate.org/)
Cargus has announced an investment of over EUR 500,000 in a new logistics hub in Drobeta-Turnu Severin, marking a significant expansion of its operations in southwestern Romania. The courier company, one of the leading players in the local market, is relocating to a newly built facility that doubles the size of its previous hub in […]
Milk Teeth (Dinți de lapte), the second fiction feature written and directed by Romanian filmmaker Mihai Mincan, will have its world premiere in the competitive Orizzonti section of the 82nd Venice International Film Festival, taking place between August 27 and September 6. The official selection was announced Tuesday, July 22, during the festival’s press conference. […]
Real estate developer Forte Partners announced the start of construction on the office component of U Center 3, a EUR 100 million investment in Bucharest, following the issuance of the building permit at the end of June 2025. The residential part of the final phase of the U Center project will begin in 2026. Following […]
More than half of Romanians believe the communist regime was more of a good thing for Romania, with nearly 56% saying more positive than negative developments occurred under communism. The finding comes from a new INSCOP Research survey commissioned by the Institute for the Investigation of Communist Crimes and...
Energy group Hidroelectrica has signed the contract for its first floating photovoltaic project, Nufārul, marking a major step in Romania’s renewable energy development. The signing took place on Monday, July 21, and involves an investment of RON 39.25 million (around EUR 7.75 million, excluding VAT). Developed by Waldevar SRL, Marine Research, DHI-SW Project SRL, and […]
The National Anti-Corruption Directorate (DNA) conducted a series of raids on Tuesday, July 22, as part of a criminal investigation into alleged corruption involving Cristian Popescu Piedone, the head of the National Authority for Consumer Protection (ANPC). Prosecutors suspect Piedone of tipping off a business in advance of an inspection, according to Biziday.ro. The investigation...
