Today at the UN Climate Change Conference, Under Secretary of State for Arms Control and International Security Bonnie Jenkins announced the United States’ commitment of $25 million in support towards expanding access to clean nuclear energy. The announcement, also called a “Nuclear Futures Package,” represents efforts from across the U.S. government, and includes ongoing programs and projects under development to: advance large-scale, clean, and modern nuclear power generation, demonstrate the potential of nuclear-produced hydrogen to fuel the transition to clean energy, and advance innovative, secure, and safe nuclear technologies such as small modular reactors. As part of the Nuclear Futures Package, the United States is pleased to partner with Poland, Kenya, Ukraine, Brazil, Romania, and Indonesia, among others, to support progress on meeting their nuclear energy goals. Efforts include capacity building, equipment, feasibility and siting studies, demonstration projects, study tours, site visits, technical collaboration, and more. Included in this commitment is the Foundational Infrastructure for the Responsible Use of Small Modular Reactor Technology (FIRST) Initiative, which the United States launched at the Leaders’ Summit on Climate. Also included is the U.S. SMR Public Private Program and associated Small Modular and Advanced Reactor Standards and Regulations Workshop Series. These programs are designed to support key steps necessary for the safe, secure, and responsible deployment of emerging nuclear technologies. The Nuclear Futures Package underscores the United States’ strong commitment to energy innovation and nuclear technology as an important component of achieving global climate change goals. In addition to Department of State, these activities are carried out by the U.S. Trade and Development Agency and the Departments of Commerce and Energy.
Moldovan carrier Flyone will add a route between Bucharest and Munich starting in October. The flights to Munich will be operated on Mondays, Wednesdays, and Fridays. This adds to the flights it has connecting the Romanian capital to Tel Aviv, Brussels, and Verona. With these routes, the airline is responding to the constant demand from […]
Romanian electricity distributor and supplier Electrica listed the largest issue of green, corporate, and non-financial bonds on the Romanian capital market, reaching a total value of EUR 500 million, on July 30. The bonds, with the stock symbol EL30E, are registered, non-convertible, unsecured, denominated in euro, have a nominal value of EUR 1,000 each, and […]
Dracula Film Festival, the event dedicated to horror and fantasy film, has opened the call for entries in its four competition sections. The festival runs four competition: Dracula Trophy, an international feature film competition; Little Dracula, an international short film competition; Vladutz, a Romanian short film competition; and Dracula Digital, a competition dedicated to young […]
Investment firm Mozaik Investments has acquired a majority stake in Genesis College, a large private educational institution in Bucharest. After receiving all approvals, Mozaik will provide growth capital to accelerate the development of the educational network through investments in new campuses and the expansion of schooling capacity, as well as the development of the International […]
The Romanian investment fund market has surpassed the threshold of one million investors. Moreover, the net assets of the 248 open-ended and closed-ended funds reached RON 51.8 billion (EUR 10.2 billion) in June, according to data from the Romanian Fund Managers Association, or AAF. Specifically, 1,007,481 people in Romania had money in the local and […]
Local authorities in Hunedoara announced investments worth RON 200 million for the King’s Road, which connects the spa resort Vața de Jos, in Hunedoara County, and the Royal Castle at Săvârșin. The road was built in the post-war period by order of King Michael I of Romania and was paved with cobblestone. Now, the authorities […]
