DP World has opened three major new sites in Romania, providing a significant boost to the country’s growing status as a key hub of European trade and enabling economic growth throughout the region, https://www.tradearabia.com/ informs. The Dubai-based group has invested over €250 million ($269 million) in Romania since 2004, including grants from the European Union. Constanta, the largest container port on the Black Sea, is now home to two new facilities following a €65 million investment: a 5-hectares ‘project' cargo terminal for heavy, large and complex cargo, and a new ‘roll-on, roll-off’ (RO-RO) terminal that will handle up to 80,000 vehicles per year at its peak. A further €50 million will be invested in a new multi-transport platform in Constanta that will open in 2025. DP World’s third new facility opening today is in Aiud, in the industrial heartland of Romania, which is now home to a new 8-hectares 'intermodal’ logistics hub connecting rail and road, following a €21 million investment. The new facilities will improve the connectivity between DP World’s existing sea, rail, barge and truck services across Romania and will enhance the movement of goods between mainland Europe through to the Black, North and Adriatic Seas. DP World has invested over €250 million in Romania since 2004, including grants from the European Union. The latest infrastructure projects were announced as DP World marks the 20th anniversary of its investment in Romania, the first European country in which it expanded. Rashid Abdulla, the CEO and Managing Director at DP World Europe, said: "Romania is a dynamic economy and well positioned to benefit from the rise in nearshoring and manufacturing. DP World looks forward to building on our long-standing relationship with Romania, and to deploying our latest investments to support Romania as it plays an increasingly important role in trade and economic growth in the region." Cosmin Carstea, the CEO of DP World Romania, said the latest investments in Romania will increase the cargo flows by around two million tonnes per annum through the country. "We believe that with this investment, DP World in Constanta will significantly strengthen its position as one of the most important container and RO-RO hubs in Central and Eastern Europe. To aid this, we also plan to open a centre of excellence for services in the Balkans, to facilitate trade for the countries around Romania," stated Carstea. Sorin Grindeanu, the Minister of Transportation of Romania, said: "The Romanian government welcomes DP World’s latest investment in Romania’s logistics infrastructure." "DP World has been a strong partner to Romania for twenty years. Constanta port has opened Romania to new markets and trading opportunities, provided stable and skilled jobs and catalysed the development of a whole host of adjacent businesses," he stated.
Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]
The European Bank for Reconstruction and Development, or EBRD, has revised its estimates regarding the evolution of the Romanian economy in 2025 downward to 1.6%. The bank expects Romania’s GDP to grow 0.2% less than the 1.8% estimate made in February, and to increase by 2.4% in 2026. Romania's GDP growth slowed to 0.8% in […]
During a meeting on Monday, May 12, the Cluj-Napoca Local Council approved a draft resolution that imposes smoking restrictions in several public spaces in the city, including public transport stations, parks, and sports facilities. The resolution was adopted with 22 votes in favor and 3 abstentions, and will come into effect 90 days from the […]
An internal survey by Romanian Business Leaders, which does not have national representativeness but was answered by 417 entrepreneurs, shows that 62% of entrepreneurs expect to have to make layoffs, while a third expect the number of employees to remain the same. The expected layoffs are directly connected to the possibility of Romania choosing a […]
Romanian Istvan Kovacs will be the main referee for the UEFA Champions League final between Paris St-Germain and Inter Milan, which will be played on May 31 in Munich. The match will be Kovacs’ third European final in the last 4 years. The 40-year-old referee has previously officiated the UEFA Europa Conference League final in […]
Over 70 museums across Romania will open their doors after hours for the 21st edition of Night of Museums, one of the country's most anticipated cultural events. Held on the night of May 17, the event offers visitors a unique opportunity to explore exhibitions, installations, and creative activities in an unconventional, late-night setting. From major […]
