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.
Thailand is quite a popular destination in Southeast Asia. It is renowned for its stunning beaches, ancient temples, and friendly locals. However, behind the smiles lies a culture rooted in tradition, respect, and subtle social rules. While most people are friendly and forgiving of mistakes, it's still essential for visitors to understand basic etiquette. A […]
The ratio between the market capitalization of companies listed on the Bucharest Stock Exchange and Romania’s GDP was 20.7% as of December 31, 2024, below the levels recorded in other regional markets, such as Greece (43.7%), Croatia (33.8%), and Hungary (21%). The figure can be disappointing as Romania’s BVB has significantly more listed companies (346) […]
OVES Enterprise, a Romanian software development company based in Cluj-Napoca, announced an expansion to the United States market through a strategic partnership with Adler Aerospace. The company will be developing large military drones based on the company’s artificial intelligence solution, Nemesis AI. The agreement provides for the integration of the Nemesis AI platform into the […]
Homeowners in Bucharest are finding buyers for their apartments faster than anywhere else in Romania, while sellers in Cluj-Napoca face the longest waits, according to a new real estate market report published by Imobiliare.ro and quoted by Agerpres. The study, titled Market 360: Residential...
Work has begun on restoring the alleys in Bucharest’s Herăstrău Park, as some were severely affected by the collapse of the bank and were facing a real risk of falling. The restorations will be complete in 2026. Herăstrău Park is nearly 100 years old and has been worn down by weather events and other phenomena. […]
Romania has awarded a record 4.2 GW of renewable energy capacity across two Contracts for Difference (CfD) auctions, exceeding its 3.5 GW target under the national Recovery and Resilience Plan, the European Bank for Reconstruction and Development announced. The second auction, held in August 2025 and backed by the EBRD, allocated...
