The European Bank for Reconstruction and Development (EBRD) is lending €30.8 million to Moldova and its state-owned electricity company Moldelectrica to link the country’s network to that of its European Union neighbour, Romania, by constructing a high-voltage transmission line between the Moldovan city of Balti and the Romanian border, https://euneighbourseast.eu/ informs. Moldelectrica, which is implementing the European Union’s Third Energy Package, will also use the loan to rehabilitate its internal electricity transmission network and build a 400 kV (kilovolt) substation at Balti. The Balti-Suceava project, costing a total of €77 million, is co-funded by the European Investment Bank (EIB), which is also lending €30.8 million. The European Union’s Neighbourhood Investment Platform (NIP) will provide a €15.4 million grant. The project’s aim is to increase Moldova’s energy security by accelerating the country’s integration with the European grid, ENTSO-E, as well as to strengthen the country’s integration with its European neighbours. According to the EBRD, more than 80 per cent of electricity consumed in Moldova came historically from the unrecognised breakaway region of Transnistria, along with imports from Ukraine via a grid connecting several former Soviet republics. Since 2015, Moldova has been working to diversify sources through closer links with Romania, and has one interconnection line to Romania (the Vulcanesti-Issaccea line). With the start of Russia’s full-scale war against Ukraine in 2022, both Moldova and Ukraine quickly synchronised with the European grid. The Balti-Suceava line will further strengthen Moldova’s integration of Moldova with ENTSO-E and increase the country’s energy security.
The Patriarch of the Romanian Orthodox Church, Daniel, congratulated Pope Leo XIV for succeeding Pope Francis on Thursday, May 8. He expressed confidence that the new pope will continue to promote "the spirit of dialogue, peace, and cooperation between the Roman Catholic Church and the Orthodox Church." "In a world facing multiple spiritual, economic, and […]
The organizers of the Untold festival announced they will offer a RON 150 (EUR 30) voucher toward the purchase of a festival pass to anyone who votes on May 18, during the second round of the presidential elections. In an online message, Untold representatives emphasized the connection between civic participation and the future of every […]
The Open Streets program, which sees the city's major arteries close for car traffic and become pedestrian areas, returns this weekend with a program of exhibitions, concerts, and a Festival of Lights. On Saturday, May 10, at 2:00 p.m., the public is invited to the Made in Romania exhibition, which presents a selection of civilian […]
Joseph Stiglitz, the famous economist and professor at Columbia University in New York, and winner of the Nobel Prize in economy in 2001, told an audience in Cluj, Romania, that governments must stimulate exports and key sectors when facing deficits. Stiglitz was in Romania on Thursday, May 8, to receive the title of Doctor Honoris […]
The Constitutional Court unanimously validated on Friday, May 9, the results of the first round of the presidential elections. It also rejected as unfounded a request to annul the elections filed by Sebastian-Constantin Popescu, the presidential candidate of the New Romania Party, it announced. The runoff, set for May 18, will see ultranationalist leader George […]
Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
