The European Commission welcomes the signing of the Memorandum of Understanding between the Government of Romania and the Government of Ukraine which will further contribute to increasing the capacity of the solidarity corridors, especially considering the damage suffered by the transport infrastructure in Ukraine following the aggression by Russia, reads a European Commission's release.Romania has an essential role in the functioning of the solidarity corridors and collaborates constructively with all the parties involved, including through the EU-Ukraine Solidarity Corridors Joint Coordination Platform. The Commission encourages this close cooperation between EU Member States and Ukraine.The Commission continues to support the implementation of the EU-Ukraine solidarity corridors and the Ukrainian action plan on the export of Ukrainian grains, in particular by facilitating cross-border links and transport operations.The improvement of the border crossing between Ukraine and Romania, foreseen by this memorandum, will not only serve Ukraine's immediate import and export needs, but will anchor it firmly in the EU transport space. Funding is already available from the EU budget, the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), while the upcoming Ukraine Facility will further contribute to the reconstruction and development of Ukraine's transport infrastructure and its connections with the EU.Prime Minister Marcel Ciolacu and his Ukrainian counterpart, Denys Shmyhal, signed on Wednesday, at the end of the joint meeting of the executives of the two countries, held in Kyiv, a memorandum on "ensuring the safe transit of Ukrainian products and a strategy on the development of border crossing points Ukraine - Romania and related road infrastructure".
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 […]
