The Government of Romania has given its approval for an important infrastructure project aimed at enhancing the southern sector of Constanta Port on the Black Sea. This decision was made following a proposal by the Ministry of Transport to develop new terminals, access roads and utilities in the region. According to Transport Minister Sorin Grindeanu, the project is estimated to cost a total of around €1.12 billion ($1.22 billion). “The project will facilitate the operation of large-capacity ships at the approximately 17 newly created berths on Pier III South and Pier IV South due to the large water depths in the area of the newly built quays,” said Grindeanu. “Achieving the investment objective will thus lead to an increase in the capacity of maritime transport of goods and, implicitly, to an increase in the volume of commercial exchanges.” Earlier this year, the Government approved a decision to allocate over $200 million for the Constanta Port dredging program. This dredging scheme is set to to bring the basins and navigable channels in the port to the projected level, ensuring optimal conditions for maritime activities.
On October 30, 2025, Envisia will host the 3rd edition of the Future of Boards Gala. The event brings together board members, executives, and governance ecosystem partners for an evening dedicated to recognizing responsible leadership, corporate governance, and high-performing boards. The six award categories celebrate individuals and boards who, through courageous decisions and integrity, create […]
The European real estate debt market is showing clear signs of recovery, supported by stabilized interest rates, competitive lending, and renewed investor confidence. According to AEW’s latest research, the credit financing gap across Europe is narrowing, with improved lending conditions helping to ease refinancing pressures that have weighed on the sector in recent years. Between […]
French retail chain Carrefour may want to sell its stores in Romania and exit the market, according to the French publication L’Informe. Moreover, it would also like to get rid of its operations in Poland and Argentina, according to the same source. So far, Carrefour has reportedly only analyzed a possible exit from the local […]
Romanians are not looking forward to Black Friday with more enthusiasm than last year, according to a recent survey. The main reasons are economic instability and the decline in purchasing power. Around 22% of Romanians say they will not buy anything on Black Friday 2025, and only 15% of Romanians plan to spend more compared […]
Cristina Ghițulică, a faculty member at the Faculty of Chemical Engineering and Biotechnologies (Politehnica Bucharest), was elected as the first woman president of the European Association for Quality Assurance in Higher Education, or ENQA. Ghițulică is the director general of the Romanian Agency for Quality Assurance in Higher Education. She was elected to head ENQA […]
The Bucharest National Opera and the Kinetobebe Association announced “The Dance of Velvet Steps,” a premiere performance for the audience with special needs, on Sunday, November 16. The show consists of a ballet performance adapted and made accessible for children and adults with disabilities. The performance is primarily addressed to children and adults with special […]
