The US government committed $14 million for an engineering and design study that would provide the basis for deploying small modular reactors (SMR) for a new nuclear plant in Romania, euractiv.com informs. The Front-End Engineering and Design (FEED) study is expected to be completed in eight months, following an investment of $28 million, including contributions from Romanian nuclear power firm Nuclearelectrica and NuScale, the US company that provides the SMR technology. Romania selected the site of a former coal-fired power plant to host the first SMR power plant, and the study will provide key site-specific data – cost, construction, schedule, and licensing details – necessary for the deployment of NuScale’s reactors, the White House said on Sunday (26 June). At the 2021 UN Conference on Climate Change in Glasgow (COP26), US Climate Envoy John Kerry and Romanian President Klaus Iohannis announced their intent to deploy an SMR in Romania in partnership with US firm NuScale Power. “Nuclear energy, including small modular reactors, represent a critical tool in the fight against climate change and can also enhance energy security and boost economic prosperity. This is a strong step forward in support of Romania’s desire to deploy innovative, safe, and zero-emissions nuclear energy in partnership with the United States,” said Kerry. When fully implemented, this multi-billion-dollar effort will showcase the ability of advanced nuclear reactors to replace coal generation with clean, innovative nuclear energy while creating thousands of jobs and reaffirming the fact that climate change initiatives and sustainable economic growth go hand-in-hand, the US government said. “By partnering with the United States, Romania is also ensuring its investments in nuclear energy uphold the highest standards for nuclear safety, security, and nonproliferation, while contributing to the consolidation of energy security in the region,” it added. President Klaus Iohannis congratulated the announcement of US president Joe Biden, on Twitter, on Sunday evening, regarding the financing design studies of small modular reactors (SMR) in Romania, specifying that ensuring energy security represents a common objective of the Romanian-American strategic partnership. Romanian Prime Minister Nicolae Ciuca also saluted the US government’s announcement. “The development of the nuclear programme will boost economic growth, both by revitalising the supply chain and by positioning Romania as a regional leader in this industry,” said Ciuca. ( See also: https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/06/26/remarks-by-president-biden-at-launch-of-the-partnership-for-global-infrastructure-and-investment/)
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
Nearly nine in ten Romanians expect to spend less or no more than last year on Christmas shopping, according to a new survey by tbi bank that highlights the impact of rising prices on household budgets ahead of the winter holidays. The nationwide poll, conducted in October on a sample of 1,011 respondents, shows that […]
A total of 77% of homeowners who answered a survey by ING and Ipsos said they implemented measures in the past three years to improve energy efficiency. The need to save on energy bills was the main driver of household modernization, the survey showed. Most respondents (62%) said they did so to reduce energy costs, […]
