Business
Private-public alignment is crucial for Romania's green economy transition
For the green transformation of the Romanian economy, it is of critical importance to have a true alignment of the private and public sectors.
The European Commission will allocate nearly €720 million to seven renewable hydrogen projects across Europe.
The Romanian Ministry of Energy announced that he offshore wind energy law will come into effect on May 30th.
OMV Petrom has released its Sustainability Report for 2023, showcasing notable advancements in economic, environmental, and social realms.
The European Commission and EU consumer authorities have reached out to 20 airlines regarding potentially misleading green claims.
Over 15,000 residences in Romania have been certified as "Green Homes" or have obtained precertification (still in the construction phase) between 2014 and 2024.
Iberdrola, the Spanish power utility, announced the sale of its Romanian wind subsidiary, Eolica Dobrogea One, to power and gas distributor Premier Energy Group for €88 million.
European Parliament passed the Net-Zero Industry Act to boost EU production of technologies crucial for decarbonization efforts.
The European Parliament has given its final approval to new regulations requiring companies to address their negative impacts on human rights and the environment.
The European Commission has given its approval to a €300 million initiative by France to bolster the efforts of Electricité de France's (EDF) subsidiary.
The Ministry of Energy in Romania has launched two project calls in new capacities for electricity production from renewable sources for self-consumption.
PepsiCo announced the implementation of its latest eco-friendly initiative: the integration of photovoltaic panels across three key sites in Romania.
Restart Energy has finalized the installation of a photovoltaic power generation system for Romtextil S.A., valued at over €500,000.
Romanians' interest in green energy solutions, such as installing solar panels, is on the rise in early 2024 compared to the beginning of 2023.
Holcim Romania launches its first bricklaying binder with 10% recycled concrete from construction demolition materials and it has 30% less CO2.
OMV Petrom, the largest integrated energy producer in Southeastern Europe, will test a new carbon capture and utilization technology at the Petrobrazi refinery, starting in June.
Eurowind Energy secures a €65.33 million credit facility from BCR and Erste Group for the construction of the wind farm in Pecineaga.
OMV Petrom and Energy Policy Group (EPG) announced the completion of structural reinforcement, expansion, and energy efficiency enhancements at the Zig-Zag Kindergarten in Ovidiu.
Nordic Group will invest €250,000 to equip two warehouses totaling 3,700 square meters, located in the counties of Giurgiu and Timis.
EBRD has extended a €108.3 million loan to Olympic Commercial and Tourist Enterprises SA (Avis Greece) to facilitate the electrification of its car fleet.
The Green Revolution Association, in partnership with Raiffeisen Bank Romania and Mastercard, proposes an innovative solution to the sustainability infrastructure issue.
The Commission will scrutinize whether certain economic entities gained an unfair advantage in securing public contracts within the EU.
Romania faces a shortage of charging stations, but increasing EV adoption highlights growing demand.
Kaufland Romania has launched a project through which Kaufland Card owners with electric cars have the possibility to charge their vehicles at one of the charging stations.
Environmental, social, and governance (ESG) principles are no longer mere trends or buzzwords; they are rapidly becoming the norm in the Romanian real estate market, according to a Colliers report.
VDPResearch and Drees & Sommer introduced a set of criteria that real estate properties need to fulfill to be considered part of the top 15% EU Taxonomy.
The European Parliament adopted new measures to make packaging more sustainable and to reduce the quantity of packaging waste in the EU.
The real estate, renewable energy, and transportation sectors are frontrunners for sustainable practices, alongside the public sector which should play an important role.
The Romanian Government has given its approval for a program designed to assist SMEs in their transition to renewable energy sources and electric mobility.
Leading multilateral development banks (MDBs) unveiled their joint vision on MDBs' role in supporting the circular economy.
European Parliament embraced plans aimed at facilitating the incorporation of renewable and low-carbon gases, notably hydrogen, into the European Union's gas market.
The European Council officially ratified a revised directive aimed at improving the energy performance of buildings.
The European Council has adopted the Euro 7 regulation, marking the final step in the decision-making process.
Through the bill voted today, Romania has taken an important step towards promoting renewable energy in the country.
VDPResearch and Drees & Sommer introduced a set of criteria that real estate properties need to fulfill to be considered part of the top 15% EU Taxonomy.
EBRD backed energy efficiency initiatives in residential areas of Vilnius, Lithuania, by investing in Šiaulių Bank's energy efficiency fund.