The National Salt Company Salrom announces the extension of its concession license for a graphite exploitation site in the Ungurelasu – Polovragi area, a strategic project of European importance in the battery sector, for which the company is seeking nearly €200 million in EU funding. Graphite is an essential raw material for the manufacture of batteries, one of the most dynamic industries in the world at the moment. “The extension of the Graphite Shale Mining License will allow Salrom to develop business opportunities related to the maximum exploitation of the economic potential offered by this useful mineral substance, given that Salrom has an approved project, included in the list of 47 projects declared of strategic level by the European Commission regarding the exploitation and valorization of critical raw materials,” the company reports. The project involves the extraction and primary processing of graphite schist to produce battery-grade graphite, including the development of necessary mining infrastructure and the installation of processing equipment to convert raw material into high-purity graphite essential for battery production—particularly for electric vehicles and energy storage systems. The total funding requested amounts to €198,306,135. With this initiative, Salrom is set to join the ranks of Europe’s major critical raw material producers, entering a rapidly expanding market with strong growth potential. For the first time, the European Commission has adopted a list of 47 strategic projects aimed at boosting domestic capacity for critical raw materials. These projects are expected to strengthen the European value chain and diversify sources of supply. They will be located across 13 EU member states.
The agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
