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)
Romania has signed a major contract with France for the acquisition of Mistral portable short-range air defense missile systems. The agreement was concluded on Tuesday, November 25, between Romania’s Ministry of National Defense and France’s Ministry of the Armed Forces and Veterans, through their respective General Directorates for Armaments. The acquisition is valued at EUR […]
The European Parliament called on November 26 for EU-wide rules to strengthen the protection of minors online, recommending a minimum age of sixteen for accessing social networks, video-sharing platforms, and AI chatbots, according to a statement from the institution,
The government of Romania will be empowered to establish, ex officio or upon request, by Government Decision, an extended surveillance regime over local companies strongly affected by economic sanctions imposed by other states, according to the legislative project prepared by the government, given that the situation of the assets held by the Russian giant Lukoil […]
The European Commission (EC) will reportedly give Romania four more months to appoint permanent management under competitive procedures at 48 state-owned enterprises (SOEs) in the energy sector, after the Romanian government agreed to double the fine paid by the country and the penalties charged to those responsible (ministers) if the milestone set under the Resilience […]
The Romanian banks boasted in 2025 virtually the same record aggregated net profit as in 2024, namely RON 11.6 billion (EUR 2.3 billion, -0.6% y/y) in January-September and RON 6.2 billion (EUR 828 million, -0.3% y/y) in Q3 alone, according to data published by the National Bank of Romania. The non-performing loan (NPL) ratio has […]
The Romanian Parliament approved the National Defense Strategy on Wednesday, November 26, with 314 votes in favor, 43 against, and three abstentions, following a joint session attended by president Nicușor Dan. The document will guide national security policy for the 2025-2030 period. During the parliamentary debate, Ana Maria Gavrilă, leader of the opposition party POT, […]
