Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Romanian officials reroute flooded stream away from Praid salt mine
    Headlines

    Romanian officials reroute flooded stream away from Praid salt mine

    Published by Global Banking & Finance Review®

    Posted on June 3, 2025

    1 min read

    Last updated: January 23, 2026

    Romanian officials reroute flooded stream away from Praid salt mine - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityFinancial supportinfrastructure financing

    Quick Summary

    Romanian officials reroute a stream to protect the Praid salt mine from flooding, evacuating 45 households and securing government support.

    Romanian Authorities Redirect Stream to Protect Praid Salt Mine

    BUCHAREST (Reuters) -Romanian officials were rerouting a stream in central Romania to prevent further flooding of the Praid salt mine, one of Europe's largest salt reserves and a crucial tourist attraction, after parts of its floor caved in.

    Authorities evacuated 45 households near the mine areas at risk of collapse after the worst floods in 30 years in the central Romanian county of Harghita have swollen the nearby stream.

    While part of the mine has been producing salt, with an annual production capacity of around 70,000-100,000 metric tons, its huge galleries and medical centre attract half a million tourists each year.

    On Monday, the government approved support schemes worth 300 million lei ($67.82 million) for immediate help to the state-owned mine as well as up to 200 local companies that will be affected from the loss of tourism.

    European experts were also expected on site to assess potential solutions to save the mine.

    ($1 = 4.4234 lei)

    (Reporting by Luiza Ilie, Editing by Louise Heavens)

    Key Takeaways

    • •Romanian officials reroute a stream to protect the Praid salt mine.
    • •The mine is one of Europe's largest salt reserves and a tourist attraction.
    • •45 households were evacuated due to flood risks.
    • •The government approved a 300 million lei support scheme.
    • •European experts will assess solutions to save the mine.

    Frequently Asked Questions about Romanian officials reroute flooded stream away from Praid salt mine

    1What actions are Romanian officials taking regarding the Praid salt mine?

    Romanian officials are rerouting a stream to prevent further flooding of the Praid salt mine, which is one of Europe's largest salt reserves.

    2How many households were evacuated due to the flooding?

    Authorities evacuated 45 households near the mine areas at risk of collapse due to the worst floods in 30 years.

    3What is the annual production capacity of the Praid salt mine?

    The Praid salt mine has an annual production capacity of around 70,000-100,000 metric tons of salt.

    4What financial support has the Romanian government approved?

    The government approved support schemes worth 300 million lei (approximately $67.82 million) for immediate help to the state-owned mine and local companies affected.

    5Are there any experts involved in the situation at the Praid salt mine?

    Yes, European experts are expected on site to assess potential solutions to save the mine from flooding.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Southeast Poland's Lublin and Rzeszow airports closed due to 'unplanned military activity', US FAA says
    Southeast Poland's Lublin and Rzeszow airports closed due to 'unplanned military activity', US FAA says
    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Olympics-Italy's president takes the tram in video tribute to Milan transport
    Olympics-Italy's president takes the tram in video tribute to Milan transport
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Image for Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    View All Headlines Posts
    Previous Headlines PostUK threatens to sue Abramovich to release frozen money from Chelsea sale
    Next Headlines PostDutch government collapses after far-right leader Wilders quits coalition