The aim of these agreements is to improve the transport links between the Republic of Moldova and Romania along the Trans-European Transport Network (TEN-T). The projects will modernise the transport infrastructure at the border crossing points Ungheni, Albita-Leuseni and Reni-Giurgiulesti-Galati. These investments will strengthen the EU-Ukraine solidarity lanes – the routes that are being used, since Russia’s blockade of Ukrainian ports on the Black Sea, to transport goods exported and imported by Ukraine and the Republic of Moldova. Transport Commissioner Adina Valean said: “Thanks to the close cooperation between Romania and the Republic of Moldova, we can start today the implementation phase of three very important projects that will significantly increase capacity and facilitate traffic flows along the border between Romania and the Republic of Moldova. It is important that these projects are implemented quickly, as they will bring the Republic of Moldova, a candidate country, closer to the European Union, giving its citizens and businesses easier and faster access to our internal market.” On the Romanian side, 18 km of road will be upgraded to improve customs services at the Ungheni border crossing point. The Republic of Moldova will build a new access road and a new border crossing point. The existing infrastructure on both sides of the Albita-Leuseni border crossing point will be upgraded to improve the management of traffic flows. The final project will expand the parking spaces in Giurgiulesti and will purchase equipment necessary for customs control. Transport links between the EU and the Republic of Moldova were discussed during yesterday’s meeting between Commissioner Valean and Prime Minister of the Republic of Moldova Dorin Recean. In addition, a new call for proposals under CEF Transport has just been launched, which will make more than EUR 7 billion available for rail, road, inland waterway and maritime or inland ports infrastructure projects. For the first time, Moldovan entities can apply directly to apply for EU funding under this call, following the signing of the CEF Association Agreement earlier this year.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
