The European Commission announced on Monday that they approved an investment of over 175 million euro from the Fund of cohesion for the modernisation and installation of a new drinking water and waste water infrastructure in Olt county. ‘The Commission approved an investment of over 175 million euro from the Cohesion Fund for the modernisation and installation of a new drinking water and waste water infrastructure in Olt county, Romania. The new infrastructure will reduced the leakages and interruptions in water supply, thus contributing to meeting the requirements of the EU Directive regarding drinking water to Romania’ the European Commission said. This investment from EU funds will contribute to the socio-economic development at local level through the improvement of the living standards of the inhabitants in the rural areas and by the creation of work places both in the construction stage and in the placing into service stage. ‘The project is a perfect example of the way in which the cohesion policy brings direct benefits to the European citizens, keeping and protecting the environment and promoting the efficient use of the resources’ the Commissionaire for cohesion and reforms, Elisa Ferrreira said. The waste waters grid will be extended by 259.08 km, and with 37.87 km will be improved in the existing system. At the same time, another 64.41 km of evacuation pipes will be installed and ten pumping units for waste waters will be modernized and another 156 new units will be built.
The office building of the former tire manufacturer Banloc-Goodrich in central Bucharest will be demolished for the construction of the Holocaust Museum, Profit.ro reported. The investment, valued at EUR 54.2 million, is partly covered by the EU-backed Recovery and Resilience...
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of 236.3 million euros in the first nine months of 2025, up 13% year-on-year (YoY), and a gross profit of 84.8 million euros, up 20% YoY, while the net profit stood at 70.3 million euros, up […]
Famed Romanian composer Horia Moculescu died on Wednesday, November 12, at the age of 88. The composer, pianist, and performer was born on March 18, 1937, in Râmnicu-Vâlcea. At the age of six, he learned to play the accordion. He attended secondary school in Turda at the Boys’ High School (now the “Mihai Viteazul” National […]
Romanians shift priorities: Health, Culture, and Hobbies take the lead, while Fashion and Home&Deco lose ground to low-cost non-EU commerce Black Friday 2025 marks a turning point for Romanian eCommerce. After two years of stagnation, the day recorded a +10% increase in the number of transactions, while the overall campaign week saw a +20% rise […]
The winter holidays are, for many of us, that rare time when everything slows down and joy becomes simple again: a beautifully decorated Christmas tree, a glass of fine wine, laughter mingling with the clinking of glasses, and breathtaking views all around. In the world of Ana Hotels, the magic of the season is celebrated […]
Kings’ Valley Medical & Spa Hotel is more than a luxurious retreat — it is a gateway to one of Bulgaria’s most enchanting regions. – The Rose Valley. Nestled in the heart of the country, just a few scenic hours from Bucharest, the hotel offers guests a rare blend of tranquility, wellness, and discovery....
