General manager of the Oradea International Airport, Razvan Horga, signed on Thursday at the Transport Ministry headquarters the EU funding contract for an almost 213 million RON project to expand the passenger terminal, the Bihor County Council said in a release.Following the implementation of the project, the built area of the terminal will increase more than four times from the current 2,925 sqm to approximately 12,500 sqm.Funding will be provided through the 2014 - 2020 Large Infrastructure Operational Program, under Priority Axis 2 - Development of a quality, sustainable and efficient multimodal transport system.Of the total amount of the project of 212,844,709.50 RON, the eligible amount is 166.511 million RON, of which 163.180 million RON in non-refundable EU money (from the European Regional Development Fund) and the eligible public contribution from the state budget, and 3.33 million RON coming from the budget of the Bihor County Council.The investment is due for completion in 8 months, of which two for the design and 6 for the execution of the works.The terminal will be expanded to accommodate a traffic of 400 passengers per flow, with four main flows provided: Schengen departures/arrivals and non-Schengen departures/arrivals. There are also dedicated secondary flows for VIP departures and arrivals. The handling capacity will be of 800 passengers/hour, both for domestic and international flights.Commercial spaces and offices for the administrative, handling, security staff and for representatives of control authorities - border police, Intelligence Service and customs - will also be built as part of the project.The investment also provides for the expansion of the concrete platforms in front of the terminal to facilitate the access of passengers, staff and airport equipment, the expansion of the access road and of the parking (capacity of 320 places), the purchase of a de-icing machine for freezing weather and other related works.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
