Nuclearelectrica Selects China’s CGN For Investment In 2 New Reactors At Cernavoda
Romanian state-run nuclear energy producer Nuclearelectrica (SNN.RO) selected China General Nuclear Power Corporation, or CGN, for a joint investment in two new reactors at power plant in Cernavoda.
Friday, the two companies signed the letter of intent, the Romanian producer said in a statement.
The Chinese company, the only investor that filed a bid in the selection process started in August, will be the majority shareholder in the project company, while Romania will keep at least a 30% interest.
The Cernavoda plant, the sole nuclear power facility in Romania, currently operates two 700-megawatt reactors, covering around 20% of the country’s energy consumption. The two new reactors are expected to double the plant’s capacity. (Puterea)
Romanian Government Ups Ceiling For First Home Loan Program By EUR90M
Romania’s government will increase the guarantee ceiling for the “First Home” mortgage lending program by RON400.5 million (EUR90 million), funs reassigned from the program supporting the beneficiaries of projects in priority sectors of the economy.
Government also redistributed funding left unused from the RON500 million guarantee budget for housing built by the National Housing Agency (ANL) under the “First Home” program to cover guarantees for all other types of homes acquired within the program. (Adevarul)
CFR Former Manager Mihai Necolaiciuc Sentenced To 6 Years And Half In Prison
Mihai Necolaiciuc, former manager of Romanian state-owned railway company CFR was sentenced to four years and six months in prison in the case related to EUR 2.7 million fraud caused by purchasing goods in an infrastructure rehabilitation project targeting to repair damages caused by the floods in 2000.
Necolaiciuc has already served a two-year jail sentence, between June 2009 and October 2011, which is due to be deducted from this final ruling.
CFR former manager is also prosecuted in another three files. (Jurnalul National)
Romania’s Foreign Affairs Ministry Reacts To Italian Politician’s Attitude Towards Romanians
Romania’s Foreign Affairs Ministry reacted Sunday to the offending statements posted on Facebook by an Italian politician, lawyer and municipal counselor, to the address of Romanians.
The Foreign Affairs Ministry qualified the politician’s attitude as unacceptable, xenophobe and extremist, urging to violence, according to spokesperson Brandusa Predescu.
Anthony Aliano posted on Facebook that he applied “two high-quality punches” to a Romanian pedestrian who kicked his car, taking also revenge for being mistreated in Romania. (Jurnalul National)
Simona Halep, In The Red Group Of WTA Finals Singapore
Romanian tennis player Simona Halep will play in the Red Group of WTA Finals Singapore 2014, against Serena Williams, Eugenie Bouchard and Ana Ivanovici.
Simona Halep stated she really wanted to play in Singapore and she has nothing to lose, according to wtatennis.com.
Tennis player Simona Halep will play Monday at 16:00 local time against Canadian Eugenie Bouchard, in her first match of 2014 WTA Finals. (Romania Libera)