The European Commission has tasked the Baltic countries with reaching an agreement on the organization and structure of the Rail Baltica European standard-gauge railroad project.
Berlin-based travel platform GoEuro has just raised a $27 million investment round led by New Enterprise Associates (NEA). Led by existing investors Battery Ventures, Hasso Plattner Ventures, and Lakestar, the funding is intended to push forward faster the startup launched last May.
Romanian rail manufacturer Softronic has just announced a new prototype of its new Hyperion emu set to test along Romania’s main rail lines. The Hyperion has been developed by Softronic at the company’s Craiova plant to the south of Romania at a cost of around €5 million euro, the reports say.
Yesterday, Russian Federation President Vladimir Putin held a meeting to discuss developing high-speed railways within Russia. Taking special note of the serious investments in resource and systems required for ambitious projects of the sort, Putin also emphasized the necessity of affordability for travelers.
A long awaited rail link between Bulgaria and Macedonia is finally on the table as the two countries evaluate the feasibility of the project. Not only will the primary countries gain valuable trade and tourism connectivity, the entire region with benefit from increased transportation and infrastructure enhancements.