The Greek builder AKTOR is keeping up the pace of work for the A0 L3 highway section in the south of Bucharest, being close to the threshold of 70% physical execution stage of the project. The A0 South Lot 3 section has a length of 18 km, of which 15.465 km are part of the South Belt, and 2.5 km of the North Belt, separated by the A1 highway towards Pitesti. Of the total length of 18 km, AKTOR has already laid the first layer of AB2 asphalt on 10.5 km. In addition to the crossing over the A1, in the Ciorogârla area, AKTOR is building on the A0 Sud Lot 3 segment another 4 bridges, 6 passages (overpasses), 46 footbridges, two temporary parking lots, and two service spaces. At the beginning of June, the 11 structures (bridges and overpasses) were 70% complete. The project also includes earthworks, construction of embankments, fencing, barriers, parapets, horizontal and vertical markings and signalling elements, lighting system, highway communication systems, public recreation areas, landscaping and landscaping works the land. AKTOR Construction is a member of the Intrakat Group, an industry leader in the Greek sectors of construction, infrastructure, concessions/public-private partnerships (PPP), renewable energy sources (RES), energy storage, real estate development, environmental projects and digital technologies, with a significant presence in Southeast Europe, listed on the Athens Stock Exchange since 2001.
Romania has reached a purchasing power per capita of EUR 11,105, approximately 45% below the European average – a figure that places the country in 31st place in the European top, according to the "NIQ Purchasing Power Europe 2025" study. Compared to 2024, Romania moved up one position in the NIQ ranking. Comparatively, at a […]
Ionuț Costea, former head of EximBank, and Sebastian Vlădescu, former finance minister, were released on November 5 following an extraordinary prescription procedure, according to a statement from Romania's High Court of Cassation and Justice (ICCJ). The two had been sentenced in 2023 to six and seven years in prison, respectively, for taking a EUR 5.5 […]
Prime minister Ilie Bolojan, who also serves as president of the Liberal Party (PNL), stated on November 4 that, at the meeting of the party's National Political Bureau the same day, support was renewed for resolving the issue related to special (magistrates') pensions this month, but also for the reform in public administration, according to
Knauf Insulation Romania, the local subsidiary of a division of the German group Knauf, has officially inaugurated its new glass mineral wool factory in Târnăveni, Mureș County, after an investment of EUR 140 million, for which the company also received EUR 18 million in state aid. "Our factory in Târnăveni, equipped with state-of-the-art technology, has […]
Corden BioChem, an expert in industrial biotechnology, could resume production at the bioethanol factory it took over from Swiss Clariant in southern Romania (or "Lesser Wallachia" as indicated by the company) at Podari, after the Competition Council authorised the takeover of the steam and electricity supplier. The company announced on its website that the Podari […]
Romania’s general government budget deficit can drop below 6.5% of GDP next year, possibly approaching 6% of GDP, to further drop below 5% of GDP if the tax evasion and tax avoidance are addressed, the head of the Fiscal Council, Daniel Daianu, said, speaking in a conference organised by Curs de Guvernare, as reported by […]
