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.
In a year marked by restructuring and uncertainty on the labour market, more and more companies in Romania no longer see team experiences as an optional benefit, but as a retention tool. This is the main shift that Complice.ro, curator and provider of experiences for companies and individual customers, sees in its data for the […]
Romanian president Nicușor Dan congratulated Labour leader Andy Burnham on his appointment as prime minister of the United Kingdom on Monday, July 20. The Romanian official said he was confident that under Burnham's leadership, the United Kingdom would continue to actively contribute to strengthening peace, security and international cooperation. "I am delighted to extend to […]
MerchantPro data, based on a sample of online stores active on the platform in both periods analysed, shows that in the first six months of 2026, sales value increased by 4% year-on-year, while the number of orders remained flat. Performance across verticals, however, varied significantly. Electronics, Gadgets and Accessories advanced by more than 42% in […]
OMV Petrom and Romgaz completed the installation of the offshore production platform for the Neptun Deep natural gas project in the Black Sea, marking a major milestone for Romania’s largest offshore energy development. Acting prime minister Ilie Bolojan said the project will turn Romania into the European Union's largest natural gas producer once production begins. […]
Where Law Meets Care, by Dr. Adrian Leonard Mociulschi Where Law Meets Care By Adrian Leonard Mociulschi—Special for Nine O’Clock International Women’s Day arrives each year like a metronome—steady, insistent, impossible to ignore. It keeps time not for celebrations alone, but for conscience. March 8 is the day we take...
What the Mountains Know About Building a Modern Economy, by Dr. Adrian Leonard Mociulschi What the Mountains Know About Building a Modern Economy By Adrian Leonard Mociulschi—Special for Nine O‘Clock Brașov is one of those cities where industry and altitude coexist without friction. The mountains rise like stone parentheses around...
