The National Supervisory Council of the Railway Sector (CNSDF), within the Competition Council, sanctioned Grup Feroviar Roman [Romanian Railway Group] with Ron 3.49 million lei for not complying with the measures imposed by the national regulatory body and for not allowing access to all railway transport operators to the service infrastructures they operate in the CF Palas station in the Constana Port area.According to a press release sent on Monday, CNSDF decided, in October 2023, as a result of a complaint by CFR Marfa, that Grup Feroviar Roman SA (GFR) and Trans Expedition Feroviar SRL (TEF) grant, under fair conditions, non-discriminatory and transparent, the right of access of all railway transport operators to the service infrastructures at CF Palas station and to the services offered within these infrastructures.At the same time, GFR had to publish the description of the service infrastructures in the CF Palas station, the services offered within these infrastructures and the tariffs charged, including information on the coordination procedure and the prioritization criteria, in order to maximize the available capacity.Also, the company had to recalculate and publish the tariffs for the services offered within these infrastructures.
Moldovan carrier Flyone will add a route between Bucharest and Munich starting in October. The flights to Munich will be operated on Mondays, Wednesdays, and Fridays. This adds to the flights it has connecting the Romanian capital to Tel Aviv, Brussels, and Verona. With these routes, the airline is responding to the constant demand from […]
Romanian electricity distributor and supplier Electrica listed the largest issue of green, corporate, and non-financial bonds on the Romanian capital market, reaching a total value of EUR 500 million, on July 30. The bonds, with the stock symbol EL30E, are registered, non-convertible, unsecured, denominated in euro, have a nominal value of EUR 1,000 each, and […]
Dracula Film Festival, the event dedicated to horror and fantasy film, has opened the call for entries in its four competition sections. The festival runs four competition: Dracula Trophy, an international feature film competition; Little Dracula, an international short film competition; Vladutz, a Romanian short film competition; and Dracula Digital, a competition dedicated to young […]
Investment firm Mozaik Investments has acquired a majority stake in Genesis College, a large private educational institution in Bucharest. After receiving all approvals, Mozaik will provide growth capital to accelerate the development of the educational network through investments in new campuses and the expansion of schooling capacity, as well as the development of the International […]
The Romanian investment fund market has surpassed the threshold of one million investors. Moreover, the net assets of the 248 open-ended and closed-ended funds reached RON 51.8 billion (EUR 10.2 billion) in June, according to data from the Romanian Fund Managers Association, or AAF. Specifically, 1,007,481 people in Romania had money in the local and […]
Local authorities in Hunedoara announced investments worth RON 200 million for the King’s Road, which connects the spa resort Vața de Jos, in Hunedoara County, and the Royal Castle at Săvârșin. The road was built in the post-war period by order of King Michael I of Romania and was paved with cobblestone. Now, the authorities […]
