Thursday the European Commission, together with Ukraine, Moldova, Romania and the US are inaugurating the renewed Ukrainian-Moldovan border crossing point in Reni, Ukraine. As part of the Solidarity Lanes initiative, the Commission supported works on this border crossing point to allow for smoother traffic flow through the border as well as better connectivity between Ukraine, Moldova and Romania. Joint Ukrainian-Moldovan border controls will speed up border crossings in both directions, allowing goods transported by road to reach their destination faster. Additionally, the EU has earmarked up to €11 million for further substantial renovation and potential expansion of the border crossing point as well as for the development of other priority border infrastructure. The inauguration takes place in the context of regular talks between the EU, Ukraine, Moldova, Romania, and the US on further increasing the efficiency of the Danube corridor for current and future needs. Adina Valean, Commissioner for Transport, said: “Since the establishment of the Solidarity Lanes in May 2022, the Danube corridor has been an excellent example of the close cooperation between Ukraine, Moldova and Romania – the largest share of goods exiting and entering Ukraine have used this corridor for the past two years, with logistics costs comparable to the Black Sea route. With our support, today's inauguration of the enhanced border crossing between Ukraine and Moldova in Reni will further reduce the waiting times at the border, and thus increase the attractiveness of this route.” To date, the Solidarity Lanes have allowed Ukraine to export more than 136 million tonnes of goods, including for example grain, ores, and steel, and to import more than 52 million tonnes of goods it needs. The Solidarity Lanes have generated some €50 billion of income for Ukraine's economy and allowed for imports into Ukraine of goods worth some €107 billion from the EU.
Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]
IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million. The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the […]
Romania’s current transport minister, the Social Democrat Ciprian Șerban, offered bribes to representatives of a forest district in Iași County as a young businessman in 2012, according to recently surfaced documents and recordings. Șerban gave bribes at least six times before reporting the offense to the National Anticorruption Directorate. He did so only after being […]
David Popovici has won the gold medal in the 100-meter freestyle final at the World Championships in Singapore. It is his second win at the event, after the gold medal in the 200-meter freestyle race two days ago. The Romanian swimmer finished the race with a time of 46.51 seconds, ahead of Jack Alexy, who […]
PPF Real Estate, a global developer and investor with a real estate portfolio exceeding EUR 2 billion, announces the completion of infrastructure works for ARC, its new state-of-the-art office project in the Basarab area. The construction progresses on schedule. Reaching ground level marks, a key milestone in the development timeline. The project is moving forward […]
BRD Groupe Societe Generale, the fifth largest bank in Romania by assets, registered a net profit of RON 764 million (EUR 150 million), up 10% compared to the same period in 2024. The net loan portfolio, including leasing financing, increased by 17.4% during the mentioned period, marking a significant growth in corporate lending by 23.8% […]
