The European Commission approved, on Thursday, a scheme notified by Romania worth 126 million euros to support investments in ports, where trade flows have increased suddenly. The plan to grant state aid to the Danube and the Black Sea aims to prevent blockages on the route of the EU-Ukraine solidarity corridors. According to a EC press release, the measure facilitates commercial flows to and from Ukraine, in accordance with the objectives of the EU action plan for solidarity corridors. “This scheme worth 126 million euros will allow Romania to reduce the blockages created by the sudden increase in the volume of goods arriving at the ports on the Danube and the Black Sea. The aid will support port operators to process and store goods awaiting their turn, thus reducing the bottleneck caused by Russia’s war against Ukraine. This will contribute to the EU’s action plan for solidarity corridors, without unduly distorting competition in the single market”, said European Commission Vice-President Margrethe Vestager. Romania has notified the Commission of its plans to support businesses operating in certain Romanian ports to invest in additional handling or storage facilities to process goods that have been diverted from their normal trade routes due to Russia’s war against Ukraine and the impossibility to use Ukraine’s direct sea export routes. The scheme, with a budget of 126 million euros (approximately 626 million lei), will run until December 31, 2024.
June is the richest month. The most awaited two weeks in my annual festival pilgrimage. The route starts with Romania’s Transilvania International Film Festival (TIFF), followed by Italy’s (and the world’s) most comprehensive festival for restored and archival film: Il Cinema Ritrovato. To shake up the traditional article on the two, I’ll start with the […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Roughly 70% of Romanians are “very” or “moderately” concerned about how AI accesses and uses their data, according to the latest survey conducted by RoCoach in partnership with Novel Research between May and June 2025. Distrust in automated decision-making and the demand for regulation are becoming more pronounced, as Romania rolls out major digitalization projects […]
The Armenian Street Festival returns for a 9th edition between August 1 and 3, 2025, in the “Dimitrie Brândză” Botanical Garden in Bucharest. The festival brings into focus the living heritage of the Armenian community in Romania and the diaspora. According to the organizers, this year’s edition aims to strengthen the Bucharest–Chișinău–Yerevan cultural axis, articulated […]
The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]
