The contract for upgrading Vidraru Hydropower Plant, a 200 million euro investment, was signed on Tuesday in Arges county, in the presence of premier Marcel Ciolacu and energy minister Sebastian Burduja. The contract signing ceremony was attended by Marija Kapitanovic, the Croatian ambassador to Bucharest, since a Croatian company will be involved in the upgrading process. “It is an important event for the Romanian energy sector and for bilateral relations between Romania and Croatia. Koncar, the company involved in the project, represents excellency in the energy sector,”said the ambassador. The association between Electromontaj (association leader), Koncar engineering Co.Ltd for Production and Services and Butan Group won the contract for the upgrading of Vidraru Hydropower Plant, worth 188.382 million euros, Hidroelectrica informed on July 1st. According to the source, AHE Vidraru is one of the most representative hydropower objectives in Romania and the power plant, with an installed power of 220 MW,is playing an important role for the National Power Grid. Vidraru Hydropower Plant, commissioned in 1966, uses the waters of Arges river potential on a sector 28 km long, between Cumpana and Oiesti, turning to account a water fall of 324 m. The lake has a volume of 465 million cu.m., of which 320 million cu.m represent useful volume. Vidraru Dam was, when inaugurated, the fifth in Europe and 9th in the world among similar buildings. It ensures an annual electric energy output of 400 Gwh. Hidroelectrica is the largest green energy producer in Romania amd supplies technologicalservices for the National Power Grid. The company operates 187 power plants with a capacity of 6.3 GW. Moreover, it has a wind park at Crucea, with an installed power of 108 MW and a share of 13.09% in the supply market.
The exhibition RomanIa – Identity representation of traditional dress in art, currently on view at the National Museum of Art of Romania (MNAR), gathers a variety of artistic representations of the traditional blouse ia, from painting and sculpture, to drawing, photography, installation, film, music, posters, fashion, books, albums, and more. It includes works by Henri […]
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
