Today, at the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) Ministerial in Bucharest, U.S. Secretary of Energy Jennifer Granholm, Under Secretary of State for Arms Control and International Security Bonnie Jenkins, and U.S. Trade and Development Agency Director Enoh T. Ebong joined Romania Minister of Energy Sebastian Burduja and industry executives from U.S. firms Fluor Corporation and NuScale Power and Romania firms RoPower and SN Nuclearelectrica to celebrate a significant milestone in Romania’s flagship small modular reactor (SMR) project, utilizing NuScale technology, advancing it towards deployment in 2029. Fluor Corporation and RoPower signed an agreement for the second phase of the Front-End Engineering and Design (FEED) study that will position the project to move to a final investment decision and construction. The first phase of the FEED study was completed in late 2023 with funding from the U.S. Trade and Development Agency, U.S. Department of State, the Government of Romania, and NuScale Power. Building on over a quarter century of Romania’s safe and secure nuclear power plant operation experience, this leading edge SMR project will replace a former coal plant in Doicesti with clean, carbon-free power, create jobs, spur economic growth, and help establish Romania as a clean energy leader in the region. The United States is committed to supporting the use of advanced nuclear technologies to power global decarbonization efforts and provide energy security to partners around the world. (Source: https://ro.usembassy.gov)
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
