“The Executive approved, by decision, the rehabilitation and modernization of Drobeta-Turnu Severin port, the total investment value being 125 million lei, to be made in 24 months,” said Mihai Constantin, government spokesman. “The main works planned for the commercial port include: rehabilitation of the existing vertical docks of 300 m., the rehabilitation of railway platforms and rails of 260 m, as well as the rehabilitation of the concrete platform for storing-operating goods on an area of 3,500 sq.m. For the passenger harbour, the following works will be carried out: rehabilitation of the existing dock of 580 m, by the local repair of degraded concrete; modernization of the 170m dock ; rehabilitation of 10,850 sq.m. of platforms and road; rehabilitation of 3,040 sq.m of sidewalks along the docks; installing two electric power supply stations for cars (11 double supply systems 1 x 5, 2x3)”, the press release shows. The source points out that the repair of the vertical dock will contribute to developing the transport of goods in the port. The investment objective will be financed from foreign grants through the Transport Program (2021-2027) and by the state budget, through the budget of the Ministry of Transport and Infrastructure, in the limits of amounts approved annually for this destination, according to public investment programs approved by law.
Romania’s National Company for Road Infrastructure Administration (CNAIR) has announced plans to equip highways A1, A2, and A3, as well as national road DN1 with surveillance cameras, with the investment valued at RON 220 million (EUR 44.2 million) excluding VAT. The cameras will allow authorities to penalize drivers who exceed speed limits and detect other […]
Accor, a global leader in hospitality, proudly announces the opening of Swissôtel Poiana Brașov, introducing the Swissôtel brand to Romania for the first time. Located in the heart of Poiana Brașov, Romania’s most popular ski resort, the hotel is surrounded by the lush landscapes of the Postăvarul Massif, making it an ideal escape for skiers, […]
Romanian MEP Siegfried Mureșan (EPP/PNL) has been appointed by the political groups of the European Parliament as the chief negotiator for the future Multiannual Financial Framework (MFF) of the European Union post-2027. Mureșan, who was chief negotiator for the EUR 800 billion European Recovery and Resilience Mechanism and the 2018 and 2024 EU annual budgets, […]
Romania is failing to capitalize on strong positive private consumption and investments because of rising imports, which weigh visibly on economic growth, ING Bank analysts wrote in a note as they lowered their 2024 growth forecast from 2.0% to 1.3% on Friday, September 6. The detailed economic...
Romanian prime minister Marcel Ciolacu had a meeting with Israeli counterpart Benjamin Netanyahu in Jerusalem on Thursday, September 5. During the meeting, Ciolacu highlighted the importance of peace in the Middle East. The Romanian and Israeli prime ministers discussed economic cooperation projects, focusing on the defense industry, tourism, and Romania's agri-food exports. "We have dynamic […]
Romania’s gross domestic product (GDP) increased by 0.8% in the second quarter of 2024 compared with the same quarter of last year, based on both unadjusted data series and seasonally adjusted data series, the National Statistics Office (INS) announced on Friday, September 6. For the first half of 2024, Romania’s GDP recorded an annual growth […]
