Tag: cheap

  • May 11, 2023 UPDATE

    May 11, 2023 UPDATE

    PLANT Romania will have the first tyre
    plant without carbon dioxide emissions in the world. Construction works already
    started on this plant in Oradea north-western Romania on Thursday. The total value
    of this investment stands at around 600 million Euros and is being made by a
    well-known Finnish consortium. The Romanian government’s contribution stands at
    100 million Euros. The output is due to commence next year and the new factory
    will provide hundreds of new jobs. The investment was launched in the presence
    of Romania’s Prime Minister Nicolae Ciuca, who said: It is very important in
    the moves currently underway at the EU and world level to protect the
    environment and is an example to be followed.








    RISK Romania runs the risk of staying in the middle-income
    trap and unless it changes its present outdated economic model, it would find
    it very difficult to become a state with a developed economy, NATO Deputy
    Secretary General Romanian Mircea Geoana said. In my opinion, Romania’s
    present economic model is outdated. It has far too long been based on small
    incomes, cheap labour and exports with much too little added value to be able
    to be competitive and climb the ladder of the developed nations. That’s why it
    is very clear that we need to build our future by learning from what went wrong
    in the past years Geoana said at the Future is now summit held in Bucharest.
    According to him only few countries have managed to get out of the
    middle-income trap like South-Korea for instance. He has also mentioned the
    efforts in this direction made by countries in our region such as the Czech
    Republic, Estonia and Poland.








    FESTIVAL The Cinefemina Film Festival
    has kicked off in Bucharest. The festival promotes and supports women working
    in the European film industry by screening features and short films directed by
    talented women filmmakers and producers. Running until May 14, the festival
    will bring to cinema halls 12 European features and 5 short films. Produced by
    film studios from Italy, France, Greece, Romania, Austria, the Netherlands,
    Portugal, Poland, Germany, Spain, Sweden and Hungary, the productions tackle a
    variety of genres, from comedy, drama to romance. This year, apart from film
    screenings, organizers have also prepared meetings with filmmakers as well as
    experts in a number of related fields, representatives of NGOs and journalists.
    These debates are aimed at promoting women in industries traditionally
    dominated by men.








    GRANTS European Transport Commissioner
    Adina Vălean on Wednesday distributed two grants worth 60 million euros to
    Romanian beneficiaries for the construction of the rail bridge in Ungheni on
    the Romanian border with the Republic of Moldova and for the modernization of
    the Port of Constanța in the southeast. The funds are earmarked under the
    Connecting Europe Facility. Regarding the bridge in Ungheni, Commissioner Vălean
    said the project will be an extension of the A8 motorway to the Republic of
    Moldova, adding that Romania has applied for and secured funding for six
    bridges.




    (bill&VP)