Under a RON 767.51 ml worth of contract (VAT exclusive), which also provides for 20-year maintenance, Alstom Transportation Germany will deliver Romania by 2026 16 new electric locomotives capable of speeds of up to 200 km/h.The 16 new 4-axle electric ERTMS-equipped locomotives are capable of traveling at maximum speeds between 160 km/h - 200 km/h and pull up to 16 passenger carriages, and are intended for rail passenger transport. The introduction of electric locomotives is aimed at increasing the efficiency of railway transport services, reducing pollution and increasing train speeds on the routes: Dej - Brasov - Bucharest - Constanta; Timisoara - Arad - Brasov - Bucharest - Constanta; Timisoara - Cluj - Iasi; Iasi/Suceava - Bucharest - Constanta.The president of the Railway Reform Authority Stefan Roseanu said that the object of the contract consists of the purchase of 16 electric locomotives intended for hauling passenger trains; the contract is partially financed under National Rehabilitation and Resilience Program.The 16 locomotives, which will be used only on electrified routes, are intended to improve the performance of passenger rail services, especially in terms of economic efficiency and service reliability. (Photo:https://www.aifr.ro/)
Autonom Services, a mobility services company with bonds listed at the Bucharest Exchange, has entered into a credit facility agreement with a total value of EUR 300 million, with an option to subsequently increase the facility by up to EUR 50 million. The financing was attracted from a syndicate of banks that included Banca Transilvania, […]
The transaction between E.ON and the Hungarian company MVM regarding the assets of the former company in Romania was blocked by the Supreme Council for National Defence, former energy minister Sebastian Burduja announced on his Facebook page, cited by Bursa.ro. The decision was reportedly...
KMGI, which owns the Petromidia and Vega refineries in Romania, is operating normally, and no decision is currently being made on the privatisation of the holding, the press service of Kazakhstan's national oil and gas company KazMunayGas, which owns KMGI, said on November 25, as cited by Agerpres. ...
Three bidders, from Romania, the European Union, and the United States, are interested in buying the local assets of Russian group Lukoil, which include a medium-sized refinery, a filling station chain, and an offshore gas perimeter under exploration, Romanian minister of energy Bogdan Ivan announced, according to
The European Commission, under the Semester Package published on November 25, included Romania among the 19 of the 27 EU countries with compliant fiscal developments and prospects, based on the Report on action taken, submitted by the Romanian authorities on October 16. For nine Member States, including Romania, the Excessive Deficit Procedure (EDP) is held in abeyance, […]
West Side Christmas Market, the winter fair created by Untold Universe in partnership with Bucharest’s District 6 City Hall, will reopen on November 28 with an expanded program of concerts and holiday entertainment in Drumul Taberei Park. The fair, which runs until December 27, promises a larger, more immersive experience this year. The official opening […]
