On Tuesday, July 23, 2024, through Wednesday, July 24, 2024, U.S. Secretary of Energy Jennifer M. Granholm will travel to Romania to convene the 5th Ministerial Meeting of the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) , a platform for energy security and clean energy cooperation, created by the United States and including 24 central and eastern European countries. During the visit, the Secretary will promote U.S. industrial policy, including the Inflation Reduction Act, and highlight how the Biden-Harris Administration is working with global partners in the clean energy transition. On Tuesday, Secretary Granholm will offer keynote remarks at the P-TECC Business Forum. Following her remarks, she and Minister Sebastian Burduja of Romania will witness the signing of a Memorandum of Understanding between Sage, a company specializing in geothermal energy and storage solutions, and Electrocentrale Bucuresti (ELCEN), Romania’s state-owned supplier of heat for Bucharest. On Wednesday, the Secretary will give keynote remarks at the P-TECC Ministerial, highlighting the shared benefits of industrial policy for energy security and the energy transition. Secretary Granholm will also applaud significant milestones on several key U.S.-Romania projects that aim to advance Romania’s strategic efforts to advance the country’s civil nuclear program. These projects include plans to modernize the Cernavoda nuclear power plant with U.S. companies Fluor and Sargent & Lundy, and the signing of engineering contracts to advance a Small Modular Reactor project. Secretary Granholm will conclude her trip with a media availability alongside Minister Burduja. Throughout the visit, Secretary Granholm will hold several bilateral meetings to discuss a variety of clean energy cooperation programs on-going and proposed with her ministerial counterparts from the European Union, Bosnia and Herzegovina, Iceland, Moldova, Poland, Romania, and Ukraine. (Source: U.S. Mission Romania)
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
