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Romania proceeds with negotiating to buy Moldova's commercial port.

Romania proceeds with negotiating to buy Moldova's commercial port.
blog image
Port Terminal Services

Romania proceeds with negotiating to buy Moldova's commercial port.

Romania’s recent move to acquire Moldova’s Giurgiulesti port marks a significant strategic shift in the region. The Romanian government has approved a plan to purchase the port, which is located at the confluence of the Prut and Danube rivers, near the Black Sea. This acquisition is part of Romania's broader strategy to enhance its influence in the Black Sea region, especially in the wake of the ongoing war in Ukraine. The port, officially known as Giurgiulesti International Free Port (PILG), is currently managed by Danube Logistics, a company with shares held by the European Bank for Reconstruction and Development (EBRD). Romania intends to acquire these shares through its national maritime company, Administration of Maritime Ports, which falls under the Ministry of Transport. Moldova has confirmed these discussions, clarifying that the negotiations focus specifically on PILG and not on the Giurgiulesti State Port, which remains under Moldovan ownership. Moldovan President Maia Sandu had previously highlighted the need for investment in the port, noting its growing strategic importance since the war began. The port has already drawn interest from various potential investors, including parties from Turkey, the Netherlands, and Denmark. Romanian government spokesperson Mihai Constantin emphasized that the acquisition aims to bolster Romania's maritime infrastructure and enhance the competitive edge of the Constanta port, positioning it as a key transport hub in Eastern Europe. The Giurgiulesti port’s unique position allows it to handle both river and sea-going vessels, making it a critical point for transporting goods, including grain and fuel, especially as Ukraine's Black Sea ports face blockades. Romanian Prime Minister Marcel Ciolacu has underscored that the port could also play a vital role in Ukraine’s reconstruction efforts post-conflict. By integrating into Romania’s port network, the plan not only strengthens regional ties but also aims to optimize trade routes and logistics in a strategically important area.


04 Sep 24
blog image
Port Terminal Services

Romania proceeds with negotiating to buy Moldova's commercial port.

Romania’s recent move to acquire Moldova’s Giurgiulesti port marks a significant strategic shift in the region. The Romanian government has approved a plan to purchase the port, which is located at the confluence of the Prut and Danube rivers, near the Black Sea. This acquisition is part of Romania's broader strategy to enhance its influence in the Black Sea region, especially in the wake of the ongoing war in Ukraine. The port, officially known as Giurgiulesti International Free Port (PILG), is currently managed by Danube Logistics, a company with shares held by the European Bank for Reconstruction and Development (EBRD). Romania intends to acquire these shares through its national maritime company, Administration of Maritime Ports, which falls under the Ministry of Transport. Moldova has confirmed these discussions, clarifying that the negotiations focus specifically on PILG and not on the Giurgiulesti State Port, which remains under Moldovan ownership. Moldovan President Maia Sandu had previously highlighted the need for investment in the port, noting its growing strategic importance since the war began. The port has already drawn interest from various potential investors, including parties from Turkey, the Netherlands, and Denmark. Romanian government spokesperson Mihai Constantin emphasized that the acquisition aims to bolster Romania's maritime infrastructure and enhance the competitive edge of the Constanta port, positioning it as a key transport hub in Eastern Europe. The Giurgiulesti port’s unique position allows it to handle both river and sea-going vessels, making it a critical point for transporting goods, including grain and fuel, especially as Ukraine's Black Sea ports face blockades. Romanian Prime Minister Marcel Ciolacu has underscored that the port could also play a vital role in Ukraine’s reconstruction efforts post-conflict. By integrating into Romania’s port network, the plan not only strengthens regional ties but also aims to optimize trade routes and logistics in a strategically important area.


04 Sep 24
blog image
Port Terminal Services

Romania proceeds with negotiating to buy Moldova's commercial port.

Romania’s recent move to acquire Moldova’s Giurgiulesti port marks a significant strategic shift in the region. The Romanian government has approved a plan to purchase the port, which is located at the confluence of the Prut and Danube rivers, near the Black Sea. This acquisition is part of Romania's broader strategy to enhance its influence in the Black Sea region, especially in the wake of the ongoing war in Ukraine. The port, officially known as Giurgiulesti International Free Port (PILG), is currently managed by Danube Logistics, a company with shares held by the European Bank for Reconstruction and Development (EBRD). Romania intends to acquire these shares through its national maritime company, Administration of Maritime Ports, which falls under the Ministry of Transport. Moldova has confirmed these discussions, clarifying that the negotiations focus specifically on PILG and not on the Giurgiulesti State Port, which remains under Moldovan ownership. Moldovan President Maia Sandu had previously highlighted the need for investment in the port, noting its growing strategic importance since the war began. The port has already drawn interest from various potential investors, including parties from Turkey, the Netherlands, and Denmark. Romanian government spokesperson Mihai Constantin emphasized that the acquisition aims to bolster Romania's maritime infrastructure and enhance the competitive edge of the Constanta port, positioning it as a key transport hub in Eastern Europe. The Giurgiulesti port’s unique position allows it to handle both river and sea-going vessels, making it a critical point for transporting goods, including grain and fuel, especially as Ukraine's Black Sea ports face blockades. Romanian Prime Minister Marcel Ciolacu has underscored that the port could also play a vital role in Ukraine’s reconstruction efforts post-conflict. By integrating into Romania’s port network, the plan not only strengthens regional ties but also aims to optimize trade routes and logistics in a strategically important area.


04 Sep 24