Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Romania receives €260M from EU for three infrastructure...

Romania receives €260M from EU for three infrastructure projects

August 15, 2024

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.

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/romania-receives-260m-from-eu-for-three-infrastructure-projects/109509
Read in full - click here
Romanians to also face economic difficulties next year but 2027 more hopeful, president says

Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]

Romania’s Digital Payments Growth is Outpacing Merchant Infrastructure

Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly

Being daring, learning, and supporting others: Women executives share leadership perspectives at Bucharest event

The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]

Three-fifths of the Romanian elderly face loneliness, study shows

More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania.  The study, carried out in August 2025 on a representative sample […]

Property investor M Core inaugurates new office in Bucharest through Square 7

Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]

Hagag Europe Development enters Romanian energy sector via acquisition, plans major investment

Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]