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.
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
