Financing for the construction of Ungheni (RO) – Ungheni (MD) road bridge, a project submitted by Romania under the Connecting Europe Facility CEF program was approved of around 16.5 million euros. Shortly, the tender procedure for the execution of the works will begin, according to sources of the Ministry of Transport from Bucharest. “The Ungheni…
The European Commission (EC) on December 20 okayed the Polish government’s EUR 1.1-billion support scheme for energy-intensive firms. Under EU rules, state aid must be approved by the EU to avoid unfair competition, but soaring energy costs in the wake of the post-Covid supply chain bottlenecks and Russia’s invasion of Ukraine have hit energy-intensive companies…
The World Bank has approved an additional financing package totaling $610 million to address urgent relief and recovery needs in Ukraine, as the war with Russia continues. “The package includes an additional $500-million loan from the World Bank’s International Bank for Reconstruction and Development (IBRD) that is supported by a guarantee from Britain,” Reuters said.…