Romania and South Korea signed a Memorandum of Understanding on nuclear energy cooperation, which covers the improvement of nuclear equipment, safety and nuclear fuel equipment, small modular reactors (SMR), and radioactive waste management."On the occasion of the state visit to South Korea undertaken together with President of Romania Klaus Iohannis, Energy Minister Sebastian Burduja had a bilateral meeting with Korean Minister of Trade, Industry and Energy Ahn Duk-geun, with the sides signing a Memorandum of Understanding on nuclear energy cooperation, in the presence of the presidents of the two countries. The Memorandum provides for nuclear cooperation, including on the improvement of nuclear equipment, safety and nuclear fuel equipment, small modular reactors (SMRs), and radioactive waste management," the Energy Ministry said in a release.The two Energy ministers discussed energy policies and decided to expand cooperation for the development of the Cernavoda nuclear power plant and of the fuel supply chain.The Republic of Korea intends to strongly support the nuclear power plant industry in terms of refurbishment, nuclear fuel supply, maintenance and management services. The construction and operation of small modular reactors will ensure clean, emission-free energy, the document states."This memorandum strengthens the partnership between Romania and the Republic of Korea. Energy is the main dimension of this collaboration, through several projects such as: the refurbishment of Unit 1 of the Cernavoda Nuclear Power Plant, and the construction of Europe's first and the world's third tritium-removal facility, which will give Romania the chance to become a European center for the production and export of tritium, a candidate fuel for future nuclear fusion reactors. Through this partnership, the Korean partners offer us the experience acquired in the nuclear energy field, their seriousness and competence," Energy Minister Sebastian Burduja said, as cited in the statement.The Romania - South Korea nuclear energy cooperation has developed a lot in recent years, mainly due to the Korean interest in Romania's national nuclear projects. The Republic of Korea is among the states that have expressed their interest in financing the Doicesti small modular reactor project."Through its experience and tradition, the Republic of Korea can make a significant contribution to the development of Romania's major energy projects and to the international dialogue on the topic of energy security and projects to diversify the supply of energy resources," the release of the Romanian Energy Ministry notes.
The going-out options include a variety of exhibitions and a selection of David Lynch films. In Bucharest: Four masterpieces of David Lynch January 23 – January 26 Cinemateca Eforie runs a program that pays homage to American filmmaker David Lynch, who passed away last week. The films that will be screened are The Elephant Man, […]
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
