Ukraine exported more grain through the port of Constanta in January-August 2023 than it did in all of 2022, even though volumes have fallen recently after Russian attacks on Danube ports prompted Ukrainian exporters to turn to road and rail routes, Reuters reports. According to the port authority, Ukraine exported 9.2 million tonnes of grain through the port of Constanta in the first eight months of the year, but the pace of deliveries has slowed as Russian attacks on Danube ports have intensified. Ukraine is one of the world's biggest grain exporters, and the port of Constanta is now the most important alternative export route for Kiev, as grain arrives in the Romanian port by truck, rail or barge on the Danube. But since July, when Moscow abandoned an international agreement allowing Ukraine to export its grain through its Black Sea ports, Russia has repeatedly attacked Ukraine's Danube ports. As a result, Ukraine has increased its grain shipments by rail and road, say brokers interviewed by Reuters. Data presented by the port authority shows that in the first seven months of this year a total of 8.1 million tonnes of Ukrainian grain was shipped through the port of Constanta. By comparison, during the whole of 2022, Ukraine shipped 8.6 million tonnes of grain through the port of Constanta. The Romanian officials announced that during the period to come they will double the transit monthly capacity for the grains, up to four million tons and the investments in infrastructure are underway.But the Ukrainian grains must compete for space in the Constanta port which traditionally manages the Romania’s export of agricultural produce as well as that of the neighbouring landlocked countries such as Hungary and Serbia.As a total, between January and August 2023, through the Constanta port there were sent 22.2 million tons of grains and the port authority estimates that during this year the record of approximately 25 million tons will be surpassed.
Hungarian railway company Train Europe has acquired a 76% stake in Romanian rolling stock manufacturer Petroutilaj-3DRD from French firm Chemins de Fer Départementaux (CFD), Ziarul Financiar reported in April, citing a transaction finalised in January 2025. The acquisition marks a strategic expansion...
In a comment to the Eurostat releasing Romania's public deficit under the ESA methodology at 9.3% of GDP, the Ministry of Finance affirmed its commitment to stick with the 7%-of-GDP deficit target for this year and with the 7-year fiscal consolidation plan agreed with the European Commission under the Excessive deficit procedure. "Romania reaffirms its […]
Romania posted the widest general government budget deficit among the European Union member states, 9.3% of GDP (6.6% in 2023) – nearly three times the EU average (3.2%), according to data published by Eurostat. On the upside, the country's public indebtedness, although rising at a fast pace, remains well below the EU's average. The gap […]
Romania's general government budget deficit, expressed in cash terms, will narrow from 8.6% of GDP in 2024 to 7.8% of GDP this year, versus a 7.0% target that remains untouchable for another two years (2026-2027), according to the updated forecast of the International Monetary Fund (IMF) published along with the latest World Economic Outlook edition […]
Over one million Romanians celebrate their name day on April 23, honoring Saint George (Sfântului Gheorghe in Romanian), one of the most venerated saints in Orthodox Christianity. According to the General Directorate for Persons Records, quoted by Agerpres, the most common male names associated with this celebration include...
The first padel club in western Romania, Padel Center, will host the first padel tournament within the official calendar of the International Padel Federation (FIP) organized in Romania and the Balkans. The FIP SILVER ROMANIA tournament will take place from May 26 to June 1, on the Padel Center courts in Dumbrăvița (6 Praga Street), […]
