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.
Modernization work is ready to start at Bucharest’s Henri Coandă International Airport, also known as the Otopeni Airport, following an investment of over RON 112.4 million (some EUR 22 million) led by the National Company Bucharest Airports (CNAB), news agency Agerpres reported. The company...
Paris Hilton, who will be present at IntenCity Craiova, a festival organized this summer between June 26–29, sent a message to her fans in Romania. "I'm excited to perform at the IntenCity Festival on June 28. It's going to be so much fun! See you there," Paris Hilton told those who will come to Craiova. […]
AMAIS (Association for Alternative Methods of Social Integration) has officially launched the SeeYou mobile app, an innovative platform that connects visually impaired individuals with volunteer guides who can accompany them during everyday activities - from medical appointments or shopping to park strolls or cultural events. SeeYou is the first mobile app of its kind in […]
SAI Broker, a Romanian investment management company part of BRK Financial Group, listed a new ETF on the Regulated Market of the Bucharest Stock Exchange (BVB) on May 16, under the stock symbol BKBETETF. The ETF aims to fully replicate the structure of the main index, BET. The BET index reflects the evolution of the […]
An investment of over RON 1.26 billion, approximately EUR 254 million, is set to be made in the Port of Constanța, to increase maritime transport capacity and the volume of commercial exchanges. The funds will be used for the construction of a quay and the development of a port area covering 550,000 square meters. The […]
The Bucharest Tribunal has approved the National Anticorruption Directorate’s (DNA) request for the preventive detention of Vlad Oprea, the mayor of the popular mountain town of Sinaia, following alleged violations of judicial control restrictions imposed on him in the case in which he faces several charges of corruption, news agency
