The mayor of Oradea, Florin Birta, announced on Wednesday the start of works on a major investment in the city's heating system, by replacing the existing energy group 1 with a modern one, a project worth about 48 million euros, financed from the state budget (85%) and from the local budget (15%)."Until the end of next year, all the thermal energy produced in Oradea will come from new, efficient installations, which reduce losses and pollution and ensure a much better quality of the heating agent for the population. It is an essential investment for the health and comfort of our community", mayor Florin Birta told a press conference at the Electric Heating Plant (CET).The investment includes a production unit with four modern natural gas thermal engines, with an electrical capacity of 30.16 MWe and a thermal capacity of 25.98 MWt, as well as two hot water boilers (CAFs) of 25 MWt each each, a pumping station and a modernized electrical station, the decommissioning of the old cooling towers and the modernization of the infrastructure, including the adaptation of the gas and heating networks.The four high-efficiency thermal engines for cogeneration will produce electricity and heating and will be connected to the national grid through an electrical discharge station.The builders - the association between the companies Loial Impex from Suceava (leader), Engul SRO from Slovakia and Moldproiect ASD from Suceava - have a completion date of October 2025.The implementation of the project will bring direct benefits for the inhabitants of Oradea by reducing CO2 emissions by approximately 18,815.6 tons annually and an energy saving of over 8,012 toe."This heating system modernization project represents a firm commitment of the Oradea administration to transform Oradea into a sustainable and efficient city, offering citizens public services at the highest European standards", the press release states.
Romanian director Radu Jude has won the Silver Bear for Best Screenplay for Kontinental '25 at this year's Berlin International Film Festival/ Berlinale. Kontinental '25 is Jude’s third film awarded in Berlinale’s main competition, after Aferim!, which earned...
With nearly 1,300 real estate transactions in 2024, the company tripled its sales volume compared to 2023. The total value of real estate transactions reached EUR 146 million in 2024. There were 114 transactions in January 2025, double the number in January 2024. With a total of almost 1,300 real estate transactions, North Bucharest Investments […]
Forvis Mazars Group, the international audit, tax and advisory services partnership, releases today its annual CEE M&A report, prepared in association with Mergermarket. It reveals that dealmaking in the CEE region suffered a decline in overall deal value, although a marginal rise in deal volume shows the market’s underlying robustness. The Investing in CEE: Inbound […]
With a total of almost 1,300 real estate transactions, North Bucharest Investments (NBI) managed to triple its sales volume compared to 2023, and the total value of transactions reached €146 million in 2024. This amount reflects an increase of 133% compared to the previous year and consolidates the company's leading position on the real estate […]
French president Emmanuel Macron said that Russia manipulated elections in Romania and that the cancellation of last year's presidential elections did not shock him as a result of that intervention. Macron made the comments during a session of questions from users on social media regarding the situation in Ukraine. Over one hour, he...
Romania’s Ministry of Education released the latest edition of the National Metaranking, identifying the top universities in the country. The ranking has undergone minor changes compared to last year’s edition or the last independent metaranking published in the fall by academic experts. The Transilvania University of Brașov has entered the top 5 universities in Romania, […]
