The European Commission approved, on Thursday, a scheme notified by Romania worth 126 million euros to support investments in ports, where trade flows have increased suddenly. The plan to grant state aid to the Danube and the Black Sea aims to prevent blockages on the route of the EU-Ukraine solidarity corridors. According to a EC press release, the measure facilitates commercial flows to and from Ukraine, in accordance with the objectives of the EU action plan for solidarity corridors. “This scheme worth 126 million euros will allow Romania to reduce the blockages created by the sudden increase in the volume of goods arriving at the ports on the Danube and the Black Sea. The aid will support port operators to process and store goods awaiting their turn, thus reducing the bottleneck caused by Russia’s war against Ukraine. This will contribute to the EU’s action plan for solidarity corridors, without unduly distorting competition in the single market”, said European Commission Vice-President Margrethe Vestager. Romania has notified the Commission of its plans to support businesses operating in certain Romanian ports to invest in additional handling or storage facilities to process goods that have been diverted from their normal trade routes due to Russia’s war against Ukraine and the impossibility to use Ukraine’s direct sea export routes. The scheme, with a budget of 126 million euros (approximately 626 million lei), will run until December 31, 2024.
The Government of Romania, through its seaport company Administratia Porturilor Maritime (CNAMP), is close to buying Moldova's largest port, Giurgiulesti (PILG), from the European Bank for Reconstruction and Development (EBRD), announced Romania's Minister of Transport, Ciprian Șerban, speaking for
Bucharest’s Grigore Antipa Museum of Natural History is now offering an audio guide in Ukrainian. The guide, made in a partnership with Ukraine’s Embassy to Romania, adds to the museum’s existing ones in Romanian, English, and Turkish. The project is part of an initiative started by Ukraine’s first lady, Olena Zelenska, and rolled out in […]
The remains of Grigore Alexandru Ghica, a prince of Moldavia in the second half of the 19th century, have been brought back to Romania from France’s Le Mée-sur-Seine this past weekend. After lying in state at Cotroceni Palace, the headquarters of the Romanian Presidency, the coffin with his remains will travel to Focşani and Iaşi, […]
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
