Constanta port will equip an additional berth for Ukrainian cereals, according to a message posted by Ukrainian Danube Shipping Company (UDP) in its Telegram account, Interfax informs. “Our Romanian colleagues announced the completion of the tender for equipping the berth on the occasion of a trilateral meeting,” UDP informs. The Ukrainian company pointed out that in 2023 it was one of the project initiators, as Constanta port terminals did not have enough capacities to manage the traffic of cereals coming from Ukraine. Last year there were “up to 600 berths loaded with cereals in port which were waiting up to 30-40 days to be unloaded,”UDP informed. Now, most exports of Ukrainian farm produce returned to Odesa ports, but the Danube route remains an important one, but the new berth will not remain unused,” UDP pointed out. The Ukrainian company intends to send up to 200,000- 250,000 tons per month to Constanta port. “We are offering complete services, river transport plus transfer from one ship to another in Constanta port. If the main export route from Ukraine returns to the Danube, the berth will become a salvation line which will significantly increase the overall capacity of our logistic model,” UDP mentioned. Constanta port established in 2023 a new record about cereal exports, due to the increase of cereal deliveries from Ukraine, as well as to projects meant to improve infrastructure financed by EU. According to port authority representatives, Constanta port sent a record quantity of 36 million tons of cereals last year, on the rise by 50% against 2022. Ukrainian cereals were responsible for about 40% of the total volume.
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by
Romania’s flag carrier, Tarom, has requested the government to disburse a new tranche of restructuring state aid approved in 2024 to address the current liquidity deficit, Profit.ro reported. The company argued that, because of late payment penalties...
Retail sales volume contracted by 2.3% q/q in Q3, resulting in a 0.3% y/y decline in Romania (the second negative reading since the Covid-19 pandemic), visibly dragged down by the real wages that contracted by 3.7% y/y in July-August (latest data available) after +2.2% y/y in Q2, +4.6% y/y in Q1 and around 9%-10% y/y […]
