225 mln euro investments needed in Danubian region

A total of 225 million euros is needed for the realisation of the Master Plan of development of nautical economy and tourism in the Danube basin, Director of the European Agency for Reconstruction (EAR) Centre Daniel Giuglaris ... More


Aker to build another ship for Volstad Shipping

The group Aker Yards, the owner of the shipyards from Braila and Tulcea signed a supplementary contract of NOK 250 M (approx. EUR 32 M) with the Norwegian company Volstad Shipping, for the building of the keel of a supplying ... More


Award of port concessions facing 1-mo delay

The concession procedures for Bulgaria's river and sea ports will be postponed by one month to give the marine administration agency time to prepare a plan for their development as is required under Bulgarian law, deputy ... More


UAE: DP World to develop new container terminal in Turkey

Port Operator DP World has signed a $105 million agreement to buy a green field coastal site at Yarimca, Turkey, which the company will develop into a new container terminal. The 48 hectare site, on the Sea of Marmara, will ... More


IFC lends €14 million for river transportation in Romania

The International Finance Corporation, the private sector arm of the World Bank Group, will provide a €14 million loan to Compania de Navigatie Fluviala Romana Navrom S.A. (Navrom), Romania’s largest private sector ... More


“Serbian Railways” attracts foreign investors

Milanko Sarancic, general director of “Serbian Railways” (www.yurail.co.yu), stated that foreign investors are prepared to invest over €1.5 billion into the modernization of the Serbian railroad. He said that ... More


Private airlines “PEGASUS” to start domestic flights

Private airline company Pegasus which was purchased by Esas Holding, which was founded by Sabanci family last January, will start scheduled domestic flights in November. Pegasus, which has been organizing charter flights to for ... More


Appeal against airports deal

THE tender commission that drafted the rules for granting the coastal airports in Varna and Bourgas on concession did so in a way that favoured the candidate that was named the winner, according to lawyers for companies appealing ... More


Two Firms Bid for Vidin-South Port Terminal

The Bulgarian River Shipping Corporation (BRSC) and tire maker Vidachim are at the final stage of the award of the concession contract for the Vidin-South terminal, part of the Vidin port on the Danube River. The bids for the ... More


Wizz Air increases flights from Bulgaria, adds new destinations

Wizz Air will increase their flights on the Sofia-Budapest route due to high demand, the low cost air carrier announced. Just ten days after their first flight with destination Sofia, the company already plans to add one more ... More


Bulgaria Mulls to Mix Land, Air and Water in Transport

Bulgaria's new transport minister is planning to implement wide-ranging and heavy reforms in the sector. A new transport scheme, combining rail and road transport, shipping and transport by air is to be offered to passengers, ... More


New Work Scheme Tabled for Bulgarian State Railways

The new transport cabinet admitted that the separation of the Bulgarian State Railways into two companies, one dedicated only to the transportation the other - to the infrastructure maintenance, was a mistake. This move has ... More


Modern Airport Terminal opens in Bulgaria's Burgas

The second terminal at the Bulgarian airport in Sarafovo, near the Black Sea city of Burgas, was officially opened Wednesday. The concessionaire Fraport Twin Star Management AD has invested BGN 80 M in the facility and in the ... More


Modern airport terminal opens in Bulgaria's Burgas

The second terminal at the Bulgarian airport in Sarafovo, near the Black Sea city of Burgas, was officially opened Wednesday. The concessionaire Fraport Twin Star Management AD has invested BGN 80 M in the facility and in the ... More


Piraeus major loading dock completed, to be inaugurated in September

The car terminal loading dock at the Neo Ikonio area of the main Greek port of Piraeus is finished and will be inaugurated in September, it was announced on Thursday. The completion was attested by managing directors Giorgos ... More