Under an agreement signed on Friday by Bulgaria's Danube River Exploration and Maintenance Executive Agency and Romania's Galati Lower Danube River Administration, Romania and Bulgaria will jointly manage the public procurement for the Fast Danube 2 project, news agency BTA reports.The project is aimed at improving navigation conditions on the joint Bulgarian-Romanian section of the Danube River, the Bulgarian Ministry of Transport and Communications announced on Friday.In the opening of the event, Bulgarian Deputy Transport Minister Angel Zaburtov said that the Fast Danube 2 project will enhance connectivity in the Danube region with the rest of the European Union and facilitate the free movement of people and goods. He underscored that the initiative includes large-scale engineering measures to improve navigational safety in the shared section of the river."The investment is strategically important not only for Bulgaria and Romania, but for the entire European Union. I am confident that with good coordination and teamwork, we will achieve the goals set," said Zaburtov. He added that the project is part of the broader framework of the Trans-European Transport Network and contributes to the optimization of the Rhine-Danube Corridor. "It is an example of sustainable and long-term cooperation between the two neighboring countries in transport infrastructure and regional mobility," the Deputy Minister said.Attending the meeting were Romanian ambassador to Bulgaria Brandusa Ioana Predescu, Secretary of State with Romania's Ministry of Transport and Infrastructure Ionut-Cristian Savoiu, as well as representatives from the European Commission and relevant institutions from both Romania and Bulgaria.The FAST Danube 2 project, worth almost 230 million euros (VAT excluded) was developed in partnership between Bulgaria and Romania, and was approved for financing under the Connecting Europe Facility. The engineering measures planned for the joint section of the river will improve navigation conditions and traffic safety along the Danube.
Sebastian Burduja, adviser to prime minister Ilie Bolojan and former minister of energy, warned of the security impact of the sale of major dairy Napolact to a group owned by a businessman close to the Hungarian prime minister Viktor Orban, according to
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Grampet Group, active in railway transportation, through its newly established subsidiary Biturom, has opened the largest bitumen melting capacity in Romania, according to Economica.net. The new facility, designed to deliver liquid bitumen for road construction projects in Romania and the Republic of Moldova, was opened on the industrial platform Rafo Onesti. ...
Romania plans to issue Samurai bonds and contract loans from multilateral banks such as EBRD or EIB to finance other green projects, finance minister Alexandru Nazare said at the CES ESG Conference 2025 in Bucharest on September 18. The country has already issued almost RON 10.8 billion (EUR 2 billion) in green bonds, allocated to […]
