Business news from Ukraine

Business news from Ukraine

One of Europe’s Tallest Pedestrian Suspension Bridges Will Be Built in Romania

According to The Serbian Economist, a contract has been signed in neighboring Romania for the design and construction of a pedestrian suspension bridge across the Rebra River valley near the commune of Parva in Bistrița-Năsăud County, Transylvania.

The future bridge will be approximately 620 m long. It will span the Rebra Valley and connect two mountain slopes near the entrance to the Rodna Mountains National Park. According to Romanian media reports, the bridge will be 200–300 m above the valley.

The project could become one of the highest pedestrian suspension bridges in Europe and one of Romania’s new tourist attractions.

The project is funded, in part, by European funds under the Nord-Vest 2021–2027 regional program.

In addition to the bridge itself, the project includes the development of tourism infrastructure, specifically access to the site and landscaping of the surrounding area. In particular, Romanian publications mention the reconstruction of Dealul Tisei Street.

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Native of Odessa region was unable to form government in Romania

Eugene Tomac, a native of southern Odessa region and a Romanian Member of the European Parliament, withdrew his candidacy for the post of prime minister after failing to form a cabinet within the 10-day deadline set by law. Romanian President Nicușor Dan subsequently nominated Adrian Veștu—deputy leader of the National Liberal Party, former Minister of Development, and head of the Brașov County Council—as the new candidate for prime minister.

Tomac was nominated on June 4 as an independent candidate tasked with forming a technocratic government and leading the country out of the political crisis. However, the parliamentary parties did not provide him with sufficient support. According to Reuters, political leaders preferred the option of a minority government rather than a technocratic cabinet.

The political crisis in Romania began after the collapse of the pro-European coalition and the resignation of Ilie Bolojan’s government. The fall of the cabinet complicated economic decision-making, jeopardized access to European funding, and increased pressure on the national currency.

Eugene Tomac was born in 1981 in the Ukrainian part of historic Bessarabia, in what is now the Odessa region. At age 17, he moved to Romania under a scholarship program for ethnic Romanians from neighboring countries. He later graduated from the University of Bucharest, where he studied history, journalism, and politics.

In Romania, Tomac served as State Secretary at the Ministry of Foreign Affairs, a member of parliament, and leader of the People’s Movement Party (PMP); since 2019, he has been a member of the European Parliament. In the European Parliament, he represented Romania and advocated for a pro-European course, support for Moldova, and the strengthening of the eastern flank of the EU and NATO.

The new prime minister-designate, Adrian Vestea, now has 10 days to form a cabinet and secure a vote of confidence in parliament. President Dan described him as a pro-Western politician, a man of dialogue, and an administrator with experience in managing budgets and European funds.

Romania remains one of the largest countries in Eastern Europe, a member of the EU and NATO, and an important neighbor of Ukraine. Therefore, the protracted government crisis in Bucharest is significant not only for domestic politics but also for regional stability, the economy, and the coordination of the EU’s Eastern European policy.

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Traffic at “Solotvyno” border crossing on border with Romania will be temporarily suspended for several days

Vehicle traffic through the “Solotvyno–Sighetu Marmatiei” checkpoint on the Ukrainian-Romanian border will be temporarily suspended from June 8 to 17, 2026, the State Customs Service of Ukraine (SCSU) reported.

It is noted that the restrictions will be in effect daily from 9:00 a.m. to 4:00 p.m.

“According to information from the Romanian side, the closure is related to infrastructure work on the historic bridge across the Tisa River,” the SCS added.

At the same time, during this period, pedestrian traffic through the checkpoint will continue as usual.

The SCS asks citizens and carriers providing passenger transportation to take this information into account when planning their trips and, if necessary, to choose alternative border crossing routes.

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Moldova may consider unification with Romania if its EU accession is blocked

Moldova may consider unification with Romania as an alternative scenario if negotiations on the country’s accession to the European Union after 2028 are blocked or significantly delayed, reports Euractiv, citing Moldova’s Deputy Prime Minister and Minister of Economic Development and Digitalisation, Eugen Osmochescu.

According to Osmochescu, Chisinau’s main objective remains unchanged – to sign an EU accession treaty by the end of 2028. He emphasised that unification with Romania is not the current official scenario, but could be considered a ‘plan B’ if Moldova’s European integration faces insurmountable political obstacles.

This statement reflects growing concern in Chisinau over a possible delay in the EU enlargement process. Moldova was granted EU candidate status in 2022 alongside Ukraine, and the negotiation process depends not only on the implementation of reforms but also on the political decisions of EU member states.

A potential union with Romania remains a sensitive issue in Moldovan politics. Supporters of such a scenario point to the common language, history and culture, as well as the fact that a significant proportion of Moldova’s citizens hold Romanian citizenship. Opponents believe that the issue could exacerbate internal political divisions, complicate relations with part of the population and intensify the Transnistria problem.

For Romania, any discussion of such a scenario also carries complex political and legal implications. Romania is a member of the EU and NATO, so any proposals for border changes, state unification or the incorporation of new territory would require not only decisions by Bucharest and Chisinau, but also consideration of the positions of the European Union, NATO and international partners.
The Transnistrian factor is of particular significance. The left-bank region of the Dniester has not been under the de facto control of Moldova’s central authorities since the early 1990s; a Russian military contingent is present on its territory, and a political settlement of the conflict remains frozen. Any scenario involving Moldova’s accelerated integration into the EU or unification with Romania will inevitably be linked to the question of Transnistria’s status.

That said, Osmochescu’s statement should for now be viewed more as a political signal to Brussels regarding the need to maintain a clear prospect of membership for Moldova, rather than as the start of an official process of unification with Romania. Chisinau is thus signalling that delays in EU enlargement could prompt a search for alternative paths to European integration.
Moldova covers an area of approximately 33,800 square kilometres and has a population of around 2.4–3.0 million people, depending on the methodology used to count and account for citizens living abroad. Romania is a country in South-Eastern Europe, a member of the EU and NATO, with an area of around 238,400 square kilometres and a population of around 18.8–19.1 million people.

Transnistria is an unrecognised entity on the left bank of the Dniester, which declared independence from Moldova in the early 1990s and is not de facto controlled by Chisinau. No UN member state recognises Transnistria’s independence. It is recognised only by other unrecognised or partially recognised entities – Abkhazia and South Ossetia; it was previously also recognised by Nagorno-Karabakh/Artsakh, which ceased to exist following the events of 2023. The international community regards Transnistria as part of the sovereign territory of Moldova.

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3,000-year-old gold hoard has been discovered in Romania that could reshape our understanding of Bronze Age

According to Serbian Economist, a treasure trove dating back approximately 3,000 years has been discovered in the Romanian county of Prahova; archaeologists describe it as one of the most significant finds of recent decades for studying the transition from the Bronze Age to the Early Iron Age in modern-day Romania.

According to News.ro, the hoard was found by a man using a metal detector on a hill near the town of Urlați in Prahova County. The find includes three gold necklaces weighing a total of over 300 grams, as well as iron and bronze objects.

After the discovery, the artifacts were handed over to specialists at the Prahova Museum of Archaeology for study, dating, and determination of the materials’ origin. Archaeologist Alin Frânculeascu stated that the find is exceptional for Romania, as the objects, according to preliminary assessments, may date to different periods—from the Middle and Late Bronze Ages to the early Iron Age.

This is precisely what makes the find particularly significant. If further research confirms that the objects do indeed belong to different time periods, archaeologists will have to explain how they came to be together in a single site. This could lead to a refinement of existing understandings of the chronology, technologies, and connections among societies that inhabited the territory of present-day Romania some three thousand years ago.

Some of the objects are considered extremely rare. Among them are items associated with chariots or carts, as well as gold jewelry that may have had not only decorative but also status-symbol or ritual significance.

Once the research is complete, the hoard is scheduled to be presented to the general public.

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President of Romania May Name New Prime Minister Next Week

Romanian President Nicușor Dan stated that he would not propose a candidate for prime minister without a pre-agreed parliamentary majority, following the dismissal of Ilie Bolojan’s government via a vote of no confidence.

According to Digi24, Dan intends to invite parliamentary parties for consultations on Thursday or next Monday. He emphasized that he does not want to “experiment” with appointing a prime minister who would then be unable to secure a majority in parliament.

The president also did not rule out the option of a technocratic government, which could be led by an independent expert. At the same time, he said, there are “relatively few” options capable of securing a stable majority, as the parties’ positions remain rigid following the fall of Bolojan’s cabinet.

The political crisis in Romania began after parliament passed a no-confidence vote against the Bolojan government on May 5. A total of 281 deputies voted for the cabinet’s resignation, significantly exceeding the required minimum of 233 votes. The motion was supported by the Social Democratic Party and the right-wing nationalist Alliance for the Union of Romanians.

After the vote, Bolojan’s National Liberal Party announced its move to the opposition and its refusal to form a new coalition with the Social Democrats. This sharply narrows the scope for the rapid formation of a government, as it will be difficult to secure a stable majority without the PSD or a portion of its votes.

Among the scenarios being discussed are Bolojan’s return to the post of prime minister, the formation of a technocratic cabinet, a new agreement between pro-European parties, or a more complex configuration involving the PSD. UDMR leader Hunor Kelemen stated that the option of a technocratic prime minister could be acceptable if the ministers remain political appointees of the parties that secure the majority.

For Romania, a prolonged crisis carries economic risks. The country needs to continue fiscal consolidation and meet the conditions for receiving EU funds, whereas a caretaker government has limited powers. Bolojan previously warned that the absence of a full-fledged cabinet could complicate access to European funding.

Romania remains one of the key countries on the eastern flank of the EU and NATO, as well as an important logistical partner for Ukraine on the Danube and the Black Sea.

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