Trains in Romania must circulate at 160 km/hour until 2030, this being a pan-European obligation, stated on Friday the European commissionaire for Transport, Adina Valean. "The European Union has a very clear plan for transport infrastructure. This is called the European transport network - TEN-T network. This plan contains precise maps for all Member States on road, rail transport infrastructure, for all Member States agreed of course with the respective countries, with obligations and opportunities, in the sense that obligations mean building this infrastructure to certain standards, including innovation, i.e. introducing intelligent transport systems for both rail and road, standards related to the use of this network. Because we are talking about rail, for example, the whole European rail network that is the main network has speed standards, for example, of 160 km per hour. We look at the infrastructure map of Romania in this network and we see which railway lines have to be 160 km/hour. Until when? By 2030, another pan-European obligation. The core network must be completed by 2030", said Adina Valean at the "Innovation in EU Transport Policies" event. According to her, there is another essential secondary or extended network with completion deadline in 2040 and the extended network which covers the rest of the infrastructure with a deadline in 2050.‘Everything is with a standard but they also mean opportunities, as there is financing for each of these offers. The projects have joint governance, as if you want to apply for regional cohesion funds and so on with a certain degree of co-financing, for the European interconnection mechanism funds, when you want to apply for PNRR funds, similarly, the projects are clearly defined. So, practically, we know what we have to do, we know the deadlines, we know the standards – and in the case of Romania we know there is approximately a sum of 12 billion euro European funds with co-financing for various projects from this infrastructure with various deadlines for absorption in this financial period’, said the European commissionaire for transport during her visit to Romania last week.
In a global landscape where businesses are expected to deliver more than profits, STIRIXIS Group has positioned itself as a transformative force, melding business strategy, human experience, and built environments into a single, powerful vision. Elena Kyrnassiou-Athanassoula, Vice-President and Group Executive Director, shares the philosophy that has backed the international expansion of the Athens-based firm. […]
The four parties seeking a new ruling coalition in Romania have nominated candidates over the weekend for the ministries they are supposed to oversee, while a final agreement on the coalition's protocol is expected to be sealed on June 23. Some of the candidates proposed by parties have already prompted criticism, while prime minister-designate Ilie […]
The Romanian government has published a draft decision approving a strategic programme for the development and modernisation of Bucharest Băneasa – Aurel Vlaicu International Airport (AIBB-AV) covering the 2025–2035 period, Agerpres reported on June 20. The...
Romanian furniture manufacturer Taparo, a key supplier to IKEA and major European retailers, is nearing bankruptcy after its judicial administrator formally requested the Maramureş Court to initiate bankruptcy proceedings, citing the full cessation of the company’s operations. The request, filed on May 29, was recorded in the Insolvency Proceedings Bulletin,
Romania will maintain its standard VAT rate at 19% but will eliminate most preferential VAT rates beginning in August, retaining reduced rates only for food and medicines, Digi24 reported on June 20, citing sources close to the negotiations between president...
In a recommendation to be published on June 23 and proposed for endorsement in the July 8 meeting of the Economic and Financial Affairs Council (ECOFIN), the European Commission sets an updated fiscal consolidation trajectory for Romania, sets October 15 as a deadline for the annual update under the Excessive Deficit Procedure (EDP), and requires […]
