about us | newsletter | contact | archive | members area
Ana Maria Icatoiu, Smart Eco Plus
There are laws which have been under discussion for years - not healthy for the market»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Romania and Hungary to build high-speed railway from Cluj to Budapest

Romania's foreign affairs minister Teodor Melescanu and Hungarian counterpart Peter Szijjarto agreed on Monday on the development of a high-speed railway between Cluj-Napoca and Budapest, Szijjarto announced.

2018-02-06 13:02:13

"The Hungarian government has approved a 3.3 million Euro financing for the feasibility study for this project. The Hungarian government has no objection to Romania's plan of extending this high-speed railway line to Bucharest," Szijjarto said, local Mediafax reported, according to Romania-Insider.

The Romanian and Hungarian foreign affairs ministers also agreed on gas exports from Romania to Hungary. Based on this agreement, Romania will meet the technical requirements to export gas to Hungary by 2020. Szijjarto said that after 2022, significant gas quantities extracted from the Black Sea will be available for Hungary.

"This is the first opportunity in the last decades for Hungary to buy big natural gas quantities from a source outside Russia. This cooperation agreement is a historic progress for Hungary's energy security," the Hungarian official said.

During his visit to Bucharest on Monday, Szijjarto had meetings with Teodor Melescanu as well as the heads of the governing coalition, namely Senate president Calin Popescu-Tariceanu and Chamber of Deputies speaker Liviu Dragnea. Dragnea confirmed that Romania was interested in developing the cooperation with Hungary in sectors such as energy and infrastructure.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  1696 Views
Daily Info
Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from the N...

Continental to list powertrain division mid-2019

Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.

Porsche Engineering Romania relocates its headquarters in Cluj-Napoca

Two years after its official opening event, Porsche Engineering Romania inaugurated its new headquarters in Vivido Business Center in Cluj.

Dacia posts half-year sales record

Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sales r...

Industry 4.0: EIB supports construction of new Arctic factory in Romania

The European Investment Bank (EIB) is lending 68 million Euro to white goods producer Arctic to finance the construction of a large-scale washing machine production plant feat...

 
 
   
advertising

advertising

advertising

advertising

More on News
Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar. ...

2 Comments

Dacia posts half-year sales record

Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sale...

Romanian M&A market speeds up in Q2, says Deloitte

The M&A market in Romania marked a significant recovery in the second quarter of this year, reaching 391 million Euro, compared with 258 million Euro in the first three mon...

1 Comment

Healthy Central European private equity activity levels set to continue, says Deloitte

The strong momentum underway in Central Europe's private equity markets should continue, according to the latest Deloitte Central Europe Private Equity Confidence Survey.

1 Comment

Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from th...

Continental to list powertrain division mid-2019

Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.

Engie acquires Romanian IoT company Flashnet, specialized in Smart Public Lighting

ENGIE announces the acquisition of 60 per cent of Flashnet, a Romanian Internet of Things (IoT) company.