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)
La French Tech Bucharest announces the third edition of its highly anticipated flagship event, Sustainability meets Profitability, set to take place on April 8th, 2025, at the Romanian - American University (1B Expoziției Boulevard, Bucharest), starting at 18:30. Sustainability meets Profitability event will explore the new regulations companies—big or small—must navigate and how they can turn […]
The builders of Romania’s important A1 Sibiu – Pitești highway are set to start the construction of a bridge over 300 meters long and at least 100 meters wide, allowing the animals of the Southern Carpathians to cross from one side to the other. The investment will pay off as a corridor for large mammals […]
The local business services industry has potential for growth, even if it will see a slower pace because the market is a mature one and given the high regional and global competitiveness, according to a report carried out by the Association of Business Service Leaders in Romania (ABSL) in partnership with Deloitte Romania. Still, the […]
Several Romanian military personnel who were on parental leave went to Congo as mercenaries, according to a statement from the Ministry of National Defense. The issue of active soldiers taking mercenary work first came up on the public agenda after PressOne...
The European Investment Bank and the government of Ukraine have agreed to allocate EUR 50 million from EIB funding to Ukraine's national railway company, Ukrzaliznytsia, for the modernization of key railway border crossings with Poland, Slovakia, Hungary, and Romania. The project includes repairs to worn-out railway tracks, the relocation of wagon inspections, the reconstruction of […]
Medicover has acquired the operations of the lab tests provider Synlab Group in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia in a transaction worth EUR 71.3 million, the company announced. The transaction was financed from Medicover's own sources. It was carried out by Medicover for its diagnostic services division, present in Romania under the […]
