Constanta port will equip an additional berth for Ukrainian cereals, according to a message posted by Ukrainian Danube Shipping Company (UDP) in its Telegram account, Interfax informs. “Our Romanian colleagues announced the completion of the tender for equipping the berth on the occasion of a trilateral meeting,” UDP informs. The Ukrainian company pointed out that in 2023 it was one of the project initiators, as Constanta port terminals did not have enough capacities to manage the traffic of cereals coming from Ukraine. Last year there were “up to 600 berths loaded with cereals in port which were waiting up to 30-40 days to be unloaded,”UDP informed. Now, most exports of Ukrainian farm produce returned to Odesa ports, but the Danube route remains an important one, but the new berth will not remain unused,” UDP pointed out. The Ukrainian company intends to send up to 200,000- 250,000 tons per month to Constanta port. “We are offering complete services, river transport plus transfer from one ship to another in Constanta port. If the main export route from Ukraine returns to the Danube, the berth will become a salvation line which will significantly increase the overall capacity of our logistic model,” UDP mentioned. Constanta port established in 2023 a new record about cereal exports, due to the increase of cereal deliveries from Ukraine, as well as to projects meant to improve infrastructure financed by EU. According to port authority representatives, Constanta port sent a record quantity of 36 million tons of cereals last year, on the rise by 50% against 2022. Ukrainian cereals were responsible for about 40% of the total volume.
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 […]
