The minister of environment,Tanczos Barna stated, on Wednesday, in the government meeting, that 70% of the country is affected by various phases of pedological drought, and as regards the strategic reserve of water, the 40 reservoirs with strategic importance, are at a filling degree of 68%. The minister made an appeal to rational usage of drinkable water, as it means huge investments to get, treat, transport and distribute and we cannot during drought periods to consume more than ten times more than during a normal period, to water the plants. The minister referred to the strategic reserves of water, saying that the 40 reservoirs with strategic importance are at a level of filling of 68%. ‘We can ensure the water strategic reserve, but in parallel, some hydrographic basins suffer a huge deficit of rain. There are already pools where there are dry rivers and there are already river basins where prolonged drought phenomena show their effects,” he said. Tanczos Barna also said that there are some regions where ‘ the average of rains over the last ten months is at less than half against the previous years’ said Barna, giving as an example areas such as Tecuci, Adjud, Barland, Botosani, Darbani and even Miercurea Ciuc. ‘The following three weeks will be characterised by these extreme phenomena and after 15th comes a wave of heat which will amplify this drought’ the minister of environment said.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
