After visiting on Saturday a hydropower plant started before 1989, in the northeastern county of Iasi, near Pascani, which is currently in an 80% execution stage, the Energy minister Sebastian Burduja asked the Hidroelectrica management to accelerate all investments that were begun before 1989."The project you see here, this reservoir in the making, is 80% complete, it will have a capacity of 68 million cubic meters of water. We are next to the Siret River and this is where the hydroelectric plant will be of approximately 10 megawatts of installed power, which is also at a stage of 80%. From 1985 until today, the Romanian state has spent here somewhere over 400 million RON. To be able to complete this work, we still need about 60 million euros, plus approximately 30 million RON for the expropriation of these lands. We are talking about an area of 2,300 hectares. I came here today together with the team from Hidroelectrica, together with the local authorities to boost things and to ensure that this project is moving forward," the Energy minister wrote on his Facebook page."If everything goes according to plan, we will manage in a few months, until the middle of next year, to expropriate these over 2,000 hectares, which has not been possible for decades, and in the first part of 2026 all the work it should be ready. What should be remembered here is that it is not only a matter of 10 megawatts of installed power, so a relatively small capacity to produce electricity, but of a systematization of the entire area and the Siret River, which means that we prevent the risk of floods. Only in the last years, Romania spent over 250 million RON because there were floods and very large damages in the area of the Siret river. We could have invested that money, completed this work and protected the people from these misfortunes," said the Energy minister.
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Former star coach Emerich Jenei, one for Romania's best, passed away on November 5, 2025, at the age of 88. He achieved the greatest performance of Romanian football: winning the European Champions Cup with Steaua București on May 7, 1986, in Seville, in the famous final against F.C. Barcelona. Emeric Alexandru Ienei (Imre Sándor Jenei) […]
