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)
Romania’s National Company for Road Infrastructure Administration (CNAIR) has announced plans to equip highways A1, A2, and A3, as well as national road DN1 with surveillance cameras, with the investment valued at RON 220 million (EUR 44.2 million) excluding VAT. The cameras will allow authorities to penalize drivers who exceed speed limits and detect other […]
Accor, a global leader in hospitality, proudly announces the opening of Swissôtel Poiana Brașov, introducing the Swissôtel brand to Romania for the first time. Located in the heart of Poiana Brașov, Romania’s most popular ski resort, the hotel is surrounded by the lush landscapes of the Postăvarul Massif, making it an ideal escape for skiers, […]
Romanian MEP Siegfried Mureșan (EPP/PNL) has been appointed by the political groups of the European Parliament as the chief negotiator for the future Multiannual Financial Framework (MFF) of the European Union post-2027. Mureșan, who was chief negotiator for the EUR 800 billion European Recovery and Resilience Mechanism and the 2018 and 2024 EU annual budgets, […]
Romania is failing to capitalize on strong positive private consumption and investments because of rising imports, which weigh visibly on economic growth, ING Bank analysts wrote in a note as they lowered their 2024 growth forecast from 2.0% to 1.3% on Friday, September 6. The detailed economic...
Romanian prime minister Marcel Ciolacu had a meeting with Israeli counterpart Benjamin Netanyahu in Jerusalem on Thursday, September 5. During the meeting, Ciolacu highlighted the importance of peace in the Middle East. The Romanian and Israeli prime ministers discussed economic cooperation projects, focusing on the defense industry, tourism, and Romania's agri-food exports. "We have dynamic […]
Romania’s gross domestic product (GDP) increased by 0.8% in the second quarter of 2024 compared with the same quarter of last year, based on both unadjusted data series and seasonally adjusted data series, the National Statistics Office (INS) announced on Friday, September 6. For the first half of 2024, Romania’s GDP recorded an annual growth […]
