Leaders of Hungary, Romania, Georgia and Azerbaijan plan to meet in Romania's capital on Saturday to conclude an agreement on an underwater electric interconnector that could become a new source of energy for the European Union.The agreement calls for laying a cable under the Black Sea that would connect Azerbaijan to Hungary via Georgia and Romania, Hungarian Prime Minister Bertalan Havasi's press attaché said.Havasi confirmed to the Associated Press that Orban intends to travel to Bucharest on Saturday to sign the agreement.Hungary's MTI news agency reported that Orban, Romanian President Klaus Iohannis, Georgian Prime Minister Irakli Garibashvili and Azerbaijani President Ilham Aliyev will attend the signing ceremony along with European Commission President Ursula von der Leyen.Hungarian Foreign Minister Peter Szijjarto said in August that Azerbaijan will soon produce "large amounts of green electricity," and Hungary will sign up for the interconnector project because two EU member states are required to obtain funding from the bloc.Szijjarto said the project could be completed within three to four years and would be an important step toward diversifying energy supplies and achieving carbon neutrality goals.
Bucharest’s District 3 City Hall will once again organize a special New Year’s Eve event in Titan Park, with a program of live concerts, multimedia shows, and even a simulation of the Northern Lights. The event, set to begin at 8:00 PM on December 31, will focus on the theme of infinity. “If you missed […]
Traffic on Lot 1 of the A7 Ploiești-Buzău highway, stretching 21 kilometers in southern Romania, was officially opened on Monday, December 23. With this opening, 102 kilometers of the total 320 kilometers of the highway are now usable. The Moldova Highway, as it has been called, is meant to connect Romania's economically underdeveloped eastern regions to […]
The Dutch technology investor Prosus NV, also the majority shareholder of Romania’s largest online retailer eMAG, is set to buy the online travel agency Despegar.com Corp, focused on Latin America, for approximately USD 1.7 billion. The purchase consideration will be funded from existing cash resources, the company said. Founded in Argentina in 1999, Despegar is one […]
The new Forestry Code, which passed the Parliament vote on December 17 and was signed into law by president Klaus Iohannis on December 20, includes provisions that protect all forests in Ilfov, the county surrounding Bucharest, making them the cornerstone of the future green belt around the capital city. Moreover, it legislates green belts nationwide, […]
Bucharest’s Police will be equipped with 100 state-of-the-art drug detection devices as part of a new initiative by the Capital City Hall, mayor Nicușor Dan announced. The acquisition has been completed, and the first 50 units have already been delivered to the authorities. According to mayor Dan, the devices, equipped with cutting-edge technology, can detect […]
Hotel International Băile Felix, in western Romania, will enter the Mercure brand after a franchise contract with French multinational hospitality Accor. According to the managing company behind the hotel, the publicly-traded Tourism Felix SA (TUFE), the approval of the franchise contract by the company's Board of Directors represents an essential first step towards sustainable development. […]
