In the application of the Agreement between the Governments of the Republic of Azerbaijan, Georgia, Romania and Hungary regarding the Strategic Partnership in the field of Green Energy Development and Transport – “Green Energy Corridor” Project, CNTEE Transelectrica SA and the other relevant parties designated at the level of each state, respectively AzerEnerji JSC, Georgian State Electrosystem and MVM Zrt., signed on Monday, May 27, in Bucharest, a Memorandum of Understanding by which they agree to make the necessary efforts to undertake the steps regarding the establishment of a Joint Venture type company, based in Romania. The signing ceremony of this Memorandum of Understanding was attended by Mr. Mircea Abrudean – Secretary General of the Government of Romania, Mr. Dan Dragos Dragan – Secretary of State within the Ministry of Energy and Mr. Gabriel Andronache – Vice President of the National Energy Regulatory Authority (ANRE) . The Joint Venture type company for the establishment of which the start of the establishment steps was approved, would ensure the implementation of the “Green Energy Corridor” Project, in accordance with the agreement between the Governments of the states of Azerbaijan, Georgia, Romania and Hungary. The memorandum signed in Bucharest between CNTEE Transelectrica SA, AzerEnerji JSC, Georgian State Electrosystem and MVM Zrt., lays the foundations for the general framework of understanding of the four relevant parties regarding the initiation of procedures for the establishment of the Joint Venture type company, provided that statutory agreements are obtained prior incidents to each individual company. In this sense, Compania Nationala de Transport al Energiei Electrice Transelectrica SA, following the establishment of adequate complete information regarding the new Joint Venture type company, is to convene the General Meeting of Shareholders to obtain approval for participation in its share capital. The “Green Energy Corridor” is an ambitious project agreed by the governments of Azerbaijan, Georgia, Romania and Hungary, with the support of the European Commission, which will integrate regional energy capacity and provide electricity at competitive prices from renewable sources, in line with the current targets of energy transition at the level of the European Union. CNTEE Transelectrica SA, designated by the Government of Romania as a relevant party in this project, collaborates closely with the other relevant parties from the partner states in order to achieve the objective of this extremely complex project, namely the evaluation of the production potential and clean energy exchanges in the Caucasus area/ Europe and related infrastructure design, taking into account technical, economic and regulatory aspects.
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
