The Government approved, on Wednesday, the technical-economic indicators for a project to modernize and develop Braila Harbor, the total value of investments being 126.8 million RON, VAT included, announced Dan Carbunaru, the Executive's spokesperson.The investments entail harbor infrastructure works on the Danube operation front adjacent to the jetty.According to Carbunaru, the objective of these works is to offer optimum conditions for the naval transport of freight, increasing the operation capacity of Braila Harbor and the quality of services offered."The total value of this investment is 126.8 million RON with VAT included, the financing to be done from non-refundable foreign funds, especially through the 2014-2020 Large Infrastructure Operational Program, but also from the state budget through the budget of the Ministry of Transport and Infrastructure, to which the own financing sources of National Company 'Administration of Maritime Danube Harbors' S.A. Galati are to be added," said Carbunaru in a press conference at the Victoria Governmental Palace.He mentioned that the deadline for the completion of the investment is 19 months.
The law that regulates investment in offshore wind energy projects will enter into force on May 30, after the bill was promulgated by the president of Romania, Klaus Iohannis, the Ministry of Energy announced on April 30. However, the key details, including the royalties, will be set and approved by the government by mid-2025. “Romania […]
Hidroelectrica (BVB: H2O) is close to resuming works and completing the Bumbesti-Livezeni hydropower complex after the government waived this year (again) the environmental impact study for the project by declaring it as a project of national interest and public utility, according to
The combined area of the buildings with a permit issued in the first quarter (Q1) of 2024 was 2.47 million sqm, 19.3% less compared to the same period of 2023 and 23.5% down compared to the first quarter of 2019, the statistics office INS announced. Out of this, 1.77 million sqm (-19.5% y/y) is in […]
BCR Group, which includes the second largest bank in Romania by assets, reported its net profit rose by 10% y/y to RON 620 million (EUR 125 million) in Q1, "driven by improved operating results underpinned by advances in customer business." The net interest income surged by 17% y/y to over RON 1 billion (EUR 200 […]
Rosia Montana Gold Corporation (RNGC), controlled by Toronto-listed Gabriel Resources, asked Romania to prolong its license for the Rosia Montana gold mining project by five years and urged the country to issue a license for a similar project (Bucium) required in 2007, according to
OMV Petrom (BVB: SNP) will dedicate one-third of its EUR 11 billion investments planned by 2030 to five low-carbon business lines, which are intended to reach 15% of the company’s EBIT consequently, company’s CEO Christina Verchere said in an interview with Ziarul Financiar. The five...
