Romania invests €24m in Moldova's Giurgiulești Port
A company from Constanța, Romania, plans to invest over €24 million in developing the infrastructure of the Giurgiulești International Free Port, which is currently managed by the European Bank for Reconstruction and Development (EBRD).
According to the Government, the Council for the Scrutiny of Investments of National Security Interest approved the request from the National Company "Maritime Ports Administration," which intends to make this investment in Giurgiulești Port.
The application for pre-approval of the investment involves the acquisition of 100% of the share capital of a private company wholly owned by the EBRD.
The proposed investment plan aims to develop a roll-on/roll-off (ro-ro) terminal, establish a container terminal, modernize the railway, expand storage facilities, digitalize port operations, and implement solutions for energy efficiency and the green transition.
The Council positively endorsed the investment proposals from 13 companies operating in electronic communications, energy, telecommunications, and agriculture. For another three companies, the Council requested additional information to finalize the analysis process.
For 16 companies, the Council refused to grant pre-approval for their investments due to risks to national economic security or their non-compliance with requests for additional information.
The Council also decided to send follow-up notifications to 68 companies that hadn't responded to previous requests for necessary information. Another three were granted an extended deadline to complete their files with the requested information. For five companies, decisions were postponed for further analysis.
Translation by Iurie Tataru
