The Galati Lower Danube River Administration (AFDJ) is constantly monitoring the low levels of late on the Romanian Danube sector.Thus, the Galati Lower Danube River Administration monitors are taking hydrographic measurements at critical points to identify areas with depths below 2.5 m.Currently, on the Danube sectors administered by AFDJ between Km 375 - Km 237, the depths are above 3.0m .On the Danube sector between Km 845 - Km 610, AFDJ will start dredging works with its own ships at the critical points Km 675 - Km 678 Bechet, Km 821 - Km 820 Salcia and Km 617 - Km 613 Calnovat.AFDJ issued as far back as July 31, 2024 its info no 91 informing all seafarers of the current hydrological situation with downward trends and asking them to correlate the loading drafts with the existing navigation conditions, while paying attention to the floating signals as well as the current limits of the channel."In case of strandings, the ships have to urgently notify the port captains, as well as the AFDJ for the urgent verification of the remaining depths in the sector, as well as the restoration of signalling in the area as a result of refloating," reads the info.So far, the RADOMIR convoy has reached the bottom in the area of the Salcia critical point, at the edge of the area, but still manages to break away and continue on its way.Also, the non-observance of the limit of the channel on Tuesday led to the CEMAL REIS ship ran out of the navigable channel on the Maritime Danube sector at Mm75. The ship was refloated with AFDJ's tugboat COVURLUI.
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 […]
