Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Over EUR 94m for investment at the border...

Over EUR 94m for investment at the border crossings with Moldova, Ukraine

August 8, 2024

Over EUR 94 million worth of European funds were allotted in investments at Romania's border crossings with Moldova and Ukraine and we placed Moldova at the European Union's table of dialogue, construction and funding, which means the future development of its infrastructure, European Commissioner for Transport Adina Valean said on Tuesday at a review of her term of office."If we are to talk about Moldova and Ukraine in this new context, from the European budget we got over EUR 94 million for investments at Romania's border crossings with Moldova and Ukraine, such as a new bridge in Ungheni, improving local infrastructure at Vicsani, Siret, Albita, Galati. We had a constant policy of support for Moldova, just as Romania had, and we practically placed Moldova at the European Union's table of dialogue, construction and funding, which means the future development of its infrastructure, whether it is the north-south railway, connectivity, bridges with Ukraine, with Romania, the development of its port of Giurgiulesti, so that it has a connection on the Danube with the Black Sea," said Valean.She added that during her five-year term of office she made the Danube a priority, and the Fast Danube II navigability project "almost received funding from the European Union.""We had the Danube as a priority and I am glad that Fast Danube II, which is a navigability project, basically concrete navigability works on the Danube throughout the year, was finally submitted and gained funding - or rather almost gained funding from the European Union. I must tell you that it was quite complicated to submit the project, but, with the help of a group of experts that I made available to Romania and Bulgaria, to the European Commission, the project was written in such a way that it would be successful and I am pleased that I am leaving behind a project for the future in terms of the Danube."Valean added that Sulina, an the essential connectivity canal with the Black Sea, was also established."If we are talking about the Danube amidst solidarity corridors, we financed technical beaconing and signalling works for the Sulina Canal and, despite the discussions that had been going on for many years in relation to which of the Danube canals represent for the European Union and our transport maps the essential connectivity channel with the Black Sea, the discussion is definitively settled. Here we are talking about the Sulina Canal, so that the cargo transport of goods on the Danube to the Black Sea has as a priority or main corridor, the main axis, the Sulina Canal."The outgoing commissioner also mentioned the road transport industry in Romania, which has a contribution of 6.5 percent to GDP."We implemented measures under the Mobility Package II for Romanian drivers, so that they have better working conditions - of course, now I am talking about Romanians, but not only - to have better working conditions. During the pandemic, we created what were called the green corridors, which allowed them to cross the blocked borders on special lanes, so that the flow of goods and logistics worked. In addition, they were essential workers for the economy of the European Union and we introduced a lot of digital transformation in terms of transport documents. Also, an extremely important issue for the road transport of goods is the existence of secure parking lots. We know that road hauliers face many problems of safety, security and working conditions related to the existence or not of secure parking spaces and we introduced the obligation that on all corridors of the European Union, every 150 km, secure parking lots must be built."

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/over-eur-94m-for-investment-at-the-border-crossings-with-moldova-ukraine/109381
Read in full - click here
Greenvolt Next launches PV power plant with energy storage for Abund Berry in Romania

Greenvolt Next, part of the Greenvolt Group, said that it completed a new photovoltaic power plant integrated with a high-performance energy storage system for Abund Berry, a company in the wild berry processing industry, in Buftea, Ilfov county. The PV system, with an installed peak capacity of 512 kWp, is equipped with an advanced battery […]

Five Romanians sentenced to prison in the United Kingdom for sexually exploiting women

Five Romanians, four men and one woman, have been sentenced to prison for raping and sexually abusing ten women, whom they drugged and sexually exploited in the city of Dundee, Scotland. The five Romanian citizens received sentences ranging between eight and twenty years in prison. The group, led by 38-year-old Marian Cumpănășoiu, drugged and abused […]

Romania's government relaxes spending restrictions for local administrations

The Romanian government has amended its fiscal austerity rules to ease restrictions on spending by local authorities, Digi24 reported. The decision modifies Emergency Ordinance (OUG) 52/2025, which had previously frozen most local...

ANIS cautiously optimistic for Romania's IT market after under-potential growth in 2024

The Romanian software and IT services industry continued its growth trajectory in 2024, exceeding the EUR 17.7 billion turnover threshold, a nominal increase of over 13% y/y or EUR 2.1 billion compared to the previous year, according to data presented by Diana Şipoş, executive director of the Employers' Association of the Software and Services Industry […]

Romania’s Digi reportedly plans IPO for Spanish unit valued at EUR 2.5 bln

Romanian telecom operator Digi Communications (BVB: DIGI) plans to list its Spanish subsidiary in an initial public offering (IPO) expected to value the business at around EUR 2.5 billion, Profit.ro...

Fitch affirms Romgaz at Romania's sovereign level on 'transformational' Neptun Deep project

International rating agency Fitch has affirmed the issuer default rating (IDR) of Romanian state-controlled natural gas group Romgaz (BVB: SNG) at BBB-/negative, in line with the country's sovereign, the highest rating the agency could have assigned to the company.  However, Romgaz's BBB- rating benefits from a one-notch uplift from its bb+ Standalone Credit Profile (SCP) […]