Central European Times

Central European Times

New roads means more infrastructure for Romania

New roads means more infrastructure for Romania

1 min read Romania, EU funding

Romania has signed a RON 562.61mn (EUR 106.64mn) construction contract for a road connecting the Autostrada Transilvania (A3) and the DN1 in Tureni, Cluj county, central Romania, Digi24.ro reported on Friday, 28 July. The expressway will include 7 bridges and viaducts, with the longest being a 258-metre

Danube bridge transforms Romania's road network

Danube bridge transforms Romania's road network

2 min read Romania, EU funding

The opening of the Braila road suspension bridge puts Romania into the category of countries with leading road infrastructure, Romanian Road Infrastructure Administration Director Cristian Pistol told media at its inauguration ceremony, Digi24.ro reports. The EUR 700mn project received EUR 363mn from the EU’s Cohesion Policy funds. According

Bulgarian fintech unicorn Payhawk opens Vilnius office

Bulgarian fintech unicorn Payhawk opens Vilnius office

1 min read Bulgaria, Lithuania, startup

Payment management platform Payhawk – Bulgaria’s only unicorn – has opened a new office in Vilnius, Lithuania, it announced on Monday, 17 July. Established in 2018, Payhawk currently serves clients in 32 countries and offers its platform to businesses across the European Economic Area (EEA), the UK and the US. With

Romania's top banker - 'close tax loopholes'

Romania's top banker - 'close tax loopholes'

2 min read Economy, Romania, BNR, Lazea

National Bank of Romania (BNR) chief economist Valentin Lazea warned that the country’s ballooning deficit could make it “the next candidate for IMF assistance and possible suspension of EU funds”. Lazea wrote that Romania risks achieving an unwanted economic precedent in the EU: “a country that committed to reducing

Duda lays out priorities ahead of NATO summit

Duda lays out priorities ahead of NATO summit

2 min read Poland, Ukraine, NATO, Russia, summit

Polish President Andrzej Duda outlined five key areas for action for NATO on Tuesday, after international consultations in The Hague, The Netherlands, ahead of the upcoming summit of the alliance in Vilnius, Lithuania, on 11-12 July. To help prepare for next week’s summit, Duda met NATO Secretary General Jens

CEE needs to prioritise climate plans - report

CEE needs to prioritise climate plans - report

Central and Eastern European (CEE) countries may hinder the EU’s ability to meet its climate goals, according to campaigners who are concerned about their National Energy and Climate Plans (NECPs). European Commission President Ursula von der Leyen has emphasised the European Union’s commitment to achieving a net-zero power