Finance
Which sectors are frontrunners in sustainable practices?
The real estate, renewable energy, and transportation sectors are frontrunners for sustainable practices, alongside the public sector which should play an important role.
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.
The European Parliament adopted new measures to make packaging more sustainable and to reduce the quantity of packaging waste in the EU.
The Ministry of Energy in Romania has launched two project calls in new capacities for electricity production from renewable sources for self-consumption.
The European Parliament adopted the provisional political agreement reached with EU countries on new measures to improve air quality in the EU.
Romanians' interest in green energy solutions, such as installing solar panels, is on the rise in early 2024 compared to the beginning of 2023.
The Romanian Government has given its approval for a program designed to assist SMEs in their transition to renewable energy sources and electric mobility.
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.
Romania has significant potential for renewable energy, with regions like Dobrogea attracting investments in wind energy projects due to high-intensity winds.
Premier Energy Group announced its intention to launch an initial public offering of ordinary shares on the Bucharest Stock Exchange.
EBRD provided backing for the expansion endeavors of Feka Automotive, a Serbian company specializing in automotive lighting.
Hidroelectrica announced that it has signed an extension of the collaboration agreement with Masdar to develop onshore and floating photovoltaic solar projects,
The European Commission has initiated a call for proposals, allocating €23 million to assist EU Member States in devising innovative strategies to combat long-term unemployment.
Kaufland Romania announced its participation in the 10th edition of the National Food Collection, an initiative organized by the Federation of Food Banks in Romania (FBAR).
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.
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.
The European Commission has approved Slovakia's €267 million support package for Volvo Cars, deeming it compliant with EU State aid regulations.
BRD Groupe Societe Generale and IFC, a World Bank Group member, have finalized a synthetic significant risk transfer (SRT) deal.
ProCredit Bank Romania announced the granting of a total financing of €3.4 million to the group of companies 3D Steel Design & Construct and Hansarom Management & Consulting.
EBRD has approved a financing package totaling €91.4 million for the establishment of a new wind farm in Serbia.
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.