The Praid Salt Mine, in central Romania, is temporarily halting both its extraction and visitation activities due to water infiltrating into the underground from a nearby stream, following recent heavy rainfall.
This decision aims to protect and ensure the safety of staff and visitors until the situation caused by the recent infiltrations is resolved, the Ministry of Economy said.
“Fresh water...
Besides 5.5 GW of installed solar and wind power units already in use, Romania's market regulator ANRE has approved the construction of new units with a combined capacity of nearly 6 GW, which could double the contribution of the green energy (hydro not included) from 20% currently to 40%, according to Ziarul...
Romania’s Ministry of Energy informed on Monday, August 4, that it has authorised OMV Petrom to temporarily use 80,000 tonnes of crude oil and 30,000 tonnes of diesel out of its reserves to offset the effects of refusing two ships carrying a total of 180,000 tonnes of contaminated Azeri crude oil. Minister Bogdan Ivan declared […]
In a first move of this kind on the Romanian capital market, the five investment funds resulted from the mass privatisation scheme in the 90’s – Lion Capital, Evergent Investments, Transilvania Investments, Longshield Investment Group, and Infinity Capital (directly or through subsidiaries) – jointly financed, in full, the EUR 100 million bond issue of real […]
By July 23, the Treasury had borrowed RON 28.93 billion (EUR 5.6 billion) from households this year, a share of 16.7% in the total public financing undertaken by the government to cover the record financing needs, according to data published by the Ministry of Finance and compiled by Cursdeguvernare.ro. The...
Industrial price inflation in Romania turned negative -0.3% y/y in June, dragged down by the prices of energy that have constantly dropped from February to reach a negative -7.5% y/y annual contraction in June, according to data published by the statistics office INS. The industrial prices were largely shaped over the past years by the […]
One United Properties (BVB: ONE), the leading green developer of residential, mixed-use, and office real estate in Romania, announces the signing of a promissory sale and purchase agreement for land located in a prime central area of Sibiu, marking the Company’s strategic entry into one of Romania’s most dynamic regional cities. “Sibiu...
