Ukrainian road building company Avtomahistral-Pivden, in partnership with Romanian firm Precon Transilvania, has signed a contract with Romania's state-owned company CNAIR to construct the first section of a motorway connecting the cities of Arad and Oradea.The contract, worth €460 million, was signed in Bucharest, https://www.pravda.com.ua/ informs. It provides for the construction of the first 33.7-km section of the road, which is part of the Via Carpathia, a strategic European transport corridor that will connect the Baltic, Black and Mediterranean seas. This section involves the construction of 32 bridges, junctions and overpasses, featuring a 727-metre overpass over a railway line, along with two car parks equipped with electric vehicle charging stations. The works are scheduled to be completed within 24 months. Mykola Tymofieiev, CEO of Avtomahistral-Pivden, described the signing of the contract as a historic event, as it marks the first time a Ukrainian company will participate in a major infrastructure project in an EU country.
The European Commission has approved a payment of EUR 1.27 billion to Romania as part of the National Recovery and Resilience Plan (PNRR) funding worth some EUR 28 billion in total. The rest of the scheduled payment, totaling EUR 870 million, was suspended. Romania’s European funds minister, Marcel Boloș, announced that three objectives included in […]
The tech startups YellowGrid, WiseWatts and Procesio won CleanTech Corporate Hackathon 2025, the first event dedicated to innovators, startups and scaleups creating AI-based technologies and solutions for sustainable energy in South East Europe. YellowGrid, the team that won first place and the EUR 5,000 prize, is composed of Cătălin Stăncel, Sergiu Mureșan, Andrei Antohie and […]
Romanians' trust in the EU is well above the European average, but they occasionally show different priorities compared to those of most Europeans, according to the most recent Eurobarometer survey. The measurement, conducted in the winter and spring of 2025, shows an overall increase in European citizens’ trust in the EU, especially in the areas […]
Romania has dropped four positions in the global Startup Ecosystem 2025 report by StartupBlink. It is now ranked 48th worldwide, and has lost ground in Eastern Europe, where it dropped from 8th to 9th place, after Ukraine advanced one position and Greece two positions, surpassing Romania globally. However, Romania is now 16th in the global AI top […]
The Nufărul geothermal station in Oradea, developed through a European project worth EUR 25 million, was officially inaugurated on Thursday, May 29. The station is the first of its kind in Romania, and builders had to drill approximately 2,800 meters for water. “All extracted water comes to the geothermal station on Iancu de Hunedoara Street, […]
CTP, a leading developer, owner, and operator of industrial and logistics properties, has extended its collaboration with HelpShip, a major e-fulfillment and logistics provider within the euShipments.com group, increasing HelpShip’s leased space to 20,000 sqm at CTPark Oradea Cargo Terminal. The expanded facility will serve as the company’s main fulfilment center. With HelpShip’s growth from […]
