Romania receives 260 million euros from the European Commission for three infrastructure projects, according to a statement by MEP Adina Valean, former European Commissioner for Transport. A first project that received funding is Fast Danube 2, which will improve the navigability conditions on the common Danube sector of Romania and Bulgaria. The project was submitted by the Autonomous Directorate of the Lower Danube River Administration Galati, and the exact amount of funding is 195,499,818 euros. “The Danube was a priority in my mandate as transport commissioner and I am glad that a project that has been in the works for many years, Fast Danube 2, has finally been successfully submitted and financed by the European Commission with almost 200 million euros. Completion of this project would ensure a minimum period of 340 days per year of navigability. Improving navigability on the Danube is more necessary than ever, taking into account the new geopolitical realities in Eastern Europe”, said Adina Valean, quoted in the press release. According to a second project, the sum of 45 million euros was granted for the rehabilitation of the Valea Calugareasca – Buzau railway. “Another project financed in this last call for projects from the funds of the Mechanism for the Interconnection of Europe is the rehabilitation of the railway Valea Calugareasca – Buzau. The amount granted is 45 million euros,” Valean said. The third project is the one through which Romania, together with the Republic of Moldova and Ukraine, receives almost 14 million euros for the improvement of the infrastructure at the Galati, Giurgiulesti, Reni customs. The European Commission selected 134 transport projects in this call for projects, from 408 applications, most of them being railway and navigable waterways projects.
Bergenbier celebrates three decades of presence on the Romanian market, consolidating its status as an emblematic brand in the beer industry. On this occasion, the brand celebrates the authentic moments that have united generations of friends around a beer. In the spirit of this anniversary, Bergenbier brings back the famous slogan "Friends Know Why", launched […]
Digital Nation and the Ministry of Education and Research announce a partnership for the implementation of Saro, a concrete and functional AI-based solution, in schools and universities across Romania — the most significant step within the ministry’s initiative to integrate Artificial Intelligence into education. The Ministry of Education and Research will support the implementation of […]
Apple and Nvidia, the world’s two most valuable companies by market capitalization, pledged over USD1tn towards the US electronics supply chain, presenting themselves as strategic allies in reshoring and industrial sovereignty efforts. However, a closer look reveals these politically symbolic gestures lack the genuine reshoring shifts claimed, posing hidden economic and geopolitical risks. High-profile promises […]
Symmetrica, the leading local producer of vibropressed pavers and curbs and the largest Romanian manufacturer in its sector, is entering the final phase of construction for its new factory in Bolintin Vale (Giurgiu County). This facility will be the largest concrete paving and slab production unit in both the company’s network and the Southeastern European […]
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
