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.
Roughly 8 out of 10 chief financial officers, or CFOs, from Romania’s largest companies say they now need constantly updated financial forecasts, unlike previous years when the focus was primarily on financial results, budgeting, and accounting, according to Inulta, a company specializing in Corporate and Enterprise Performance Management. The forecasts come to offer a degree […]
Romanian prosecutors have placed a precautionary seizure on the accounts and assets of the mercenary Horațiu Potra, in a case of tax evasion, embezzlement, and money laundering. The measure targets over RON 24 million, nearly 30 kilograms of gold, a property in Bucharest, and 11 properties and apartments in Sibiu. According to investigators cited by […]
The first sales figures from two of the largest European markets, France and Germany, both major markets for the Dacia brand, show that the debut of the carmaker's largest SUV, the Bigster, has been impressive. June data on car registrations in Germany show that the Dacia Bigster managed to sell 1,227 units in its second […]
After a 2024 marked by adaptation and consolidation, Romanian eCommerce entered 2025 with a more restrained dynamic. According to MerchantPro Compass, the biannual analysis conducted by MerchantPro, a SaaS eCommerce platform supporting over 2,000 active online stores—the first half of this year confirms a paradigm shift: it’s no longer about how much you sell, but […]
The TIFF Unlimited Caravan is hitting the road for the 16th consecutive year, bringing a diverse selection of Romanian and international films to audiences across the country. From July to September 2025, the traveling film series will stop in ten towns and cities, offering outdoor and indoor screenings of comedies, love stories, and family-friendly films. […]
Home sales decreased by 3.4% in Romania in the first six months of 2025 when compared to the result registered in the same period last year. Sales were down 7.9% in Bucharest and Ilfov in the same period, according to a market analysis issued by real estate consultant SVN Romania and based on official statistics […]
