The European Commission on Friday (November 19) approved the fifth list of Projects of Common Interest in the field of trans-European energy infrastructure, a list that includes several projects in Romania - especially the second phase of the BRUA (Bulgaria - Romania - Hungary - Austria) pipeline project, Adevarul reported. In the natural gas sector, among the projects involving Romania and which are included on the fifth list of projects of common interest are: Depomure? Underground Gas Depot, Bilciure?ti Underground Gas Depot and BRUA - Phase II. This second stage of BRUA projects includes the expansion of transport capacity in Romania towards Hungary: ensuring the physical possibility of permanent bidirectional flow between Romania and Hungary, by building a compression station at Csanadpalota (Hungary). Other several projects related to the transfer of natural gas from Black Bea to the main BRUA route are included as well: Tarmul Marii Negre (Black Sea Coast)- Podisor (RO) pipeline. The list also includes projects of the Romania - Serbia Cluster, also known as the "Mid Continental East Corridor", namely the following projects of common interest: the overhead power line between Resita (RO) and Pancevo (Serbia); the overhead power line between the Iron Gates and Resita; the overhead power line between Resita and Timisoara / Sacalaz and the overhead power line between Arad and Timisoara / Sacalaz.
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
The European Bank for Reconstruction and Development (EBRD) is lending up to EUR 29.9 million to the Romanian city of Brasov to finance energy efficiency upgrades in public buildings, initiating the city’s participation in the Bank’s flagship EBRD Green Cities programme. The Bank’s investment will fund the renovation of up to 20 public buildings, including […]
This festive season, JW Marriott Bucharest Grand Hotel invites guests to embrace the extraordinary and transform each moment into a lasting memory. On New Year’s Eve, the hotel unveils The Grand Countdown — a luminous celebration of new beginnings, thoughtfully crafted across four distinctive venues, each with its own character and atmosphere. The night begins […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over ArcelorMittal Tubular Products Iași (AMTP Iași) by Metinvest B.V. of the Netherlands, part of the Ukrainian steel and mining group owned by Rinat Akhmetov, New Voice of Ukraine reported last week. Metinvest has...
