Unit 1 of CNE Cernavoda automatically disconnected from the National Energy System on Friday evening, due to disfunctionalities in the classic part of the unit, without any impact on the nuclear security, informs the National Nuclearelectrica Society (SNN).Unit 1 of CNE Cernavoda with installed power of 700 MW was commissioned in 1996 and delivered, until now, 133 million MWh, representing 9% of the national consumption, on a period of 26 years. Unit 1 prevented the release in the atmosphere of 130million tons of CO2.Nuclearelectrica is the national company for electric, thermal and nuclear fuel energy in Romania, which functions under the authority of the Ministry of Energy, the Romanian state owning 82.49% of the shares, and the other shareholders 17.50% after listing on the stock exchange of the company in 2013. The company contributes to over 18% of the nuclear energy to the total production of energy and with 33% to the total production of energy without CO2 in Romania.The CNE Cernavoda operates two CANDU nuclear units, being two of the most performing units out of the over 400 nuclear units in the world, a factory of nuclear fuel making the integrated cycle of fuel through the acquisition of a processing line for uranium concentrate to support the company long run investment projects.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
