Romanian businesses operating following national waste recycling legislation can receive up to €8.4 million to build a recycling plant.
The company estimates that the project will be fully completed within six months.
This initiative aims to enhance accessibility to top-tier logistics infrastructure in both nations while contributing to Europe's transition towards sustainability.
EBRD has approved a €6 million loan for KAM, a leading food retailer in North Macedonia.
Douglas' sustainability strategy is part of the company's "Let it Bloom - DOUGLAS 2026" strategy, focused on accelerating growth through an omnichannel business model.
The Corporate Sustainability Reporting Directive (CSRD), officially known as Directive (EU) 2022/2464, has been incorporated into Romanian legislation.
Pipe manufacturer Artrom Steel Tubes will invest more than €6 million in 2024 to optimize measures to reduce carbon emissions and fuel consumption.
The companies can submit their project proposals until 12 March 2024.
Grunman Energy, the company in the field of renewable energy production controlled by the Pavăl brothers, owners of Dedeman, has received a capital infusion from the parent company.
In Rătești commune, Argeș County, the largest photovoltaic park in South-Eastern Europe was inaugurated and will be connected in the next period.
Companies in Romania can reduce costs related to environmental obligations by 50%, but many have a harder time complying with the legislation, according to Green Environment Support.
Depanero, a service company from Romania, is expanding its range of services in the area of electric mobility and green energy.
The market for installing photovoltaic panels on residential buildings has a potential of over €800 million, according to an E-Accumulatori.ro analysis.
Pehart Group, the leading producer of household paper products in Romania and one of the largest tissue paper producers in South-East Europe, is investing this year more than €20 million in the energy efficiency of the production lines of its two factories in Petrești-Sebeș and Dej.
In the face of mounting environmental challenges, the FMCG sector is using innovation to reduce ecological impact and cultivate consumer trust. In this article, we explore key innovations for FMCG led by entrepreneurs in Central and Eastern Europe, such as alternative packaging materials and low-carbon protein alternatives.
BRD – Groupe Société Générale granted sustainable financing of RON1.1 billion (€220 million) last year. BRD launched 2022 its first green lending products for individuals. Also, the BRD Group reduced its energy consumption by 12.5% compared to the previous year and the greenhouse gas emissions resulting from operations.
We report from Romania ESG Forum 2023, an international business conference organized by Green Forum & Property Forum in Bucharest earlier this month.
The Sustainability Academy was launched, the first social and educational platform dedicated to SMEs in Romania, with free access. The Sustainability Academy is a Sustainable Futures brand project initiated by Social Innovation Solutions together with the Coca-Cola Foundation, founding partner, and BCR, main partner. The Sustainability Academy aims to help SMEs willing to adopt sustainability strategies and aims to increase the number of sustainable businesses in Romania.
BCR gas entered the international market with the first issue of green Eurobonds, worth €700 million. The funds will be directed toward renewable energy projects, green mortgages, and green buildings.
The Bosch Power Tools division is taking a big step forward with regard to its sustainability goals. Thus, starting in the autumn of 2023, 23 new and improved measuring instruments will be available, together with the related accessories and packaging, all presenting a new concept of sustainability and being produced with as much recycled material as possible.
BASF plans to invest up to €4 billion to achieve its climate protection targets by 2030. The group wants to reduce greenhouse gas emissions from our production sites and our energy purchases by 25% by 2030, compared with the 2018 baseline. BASF set a global target to promote female leadership and aims to increase the proportion of women in leadership positions to 30% by 2030.
The banking sector has a very important role in promoting the green economy by providing green loans and sustainable support.
Orange circular economy program "Re" - Buy-Back, Recycling, Repair, Refurbishment completes 1 year since its launch in Romania. The company collected approximately 300,000 old phones, the equivalent of more than 29 tons, and repaired 60,000 phones. Customers who bring old phones to the store receive a €100 voucher that they can use to buy a 5G phone.
TeraPlast, a Romanian manufacturer of construction materials, has pipes for external sewers made of 100% recycled PVC and uses approximately 20%-30% recycled material in the production of PVC pipes, says Alexandru Stânean, CEO TeraPlast. He talked to Green Forum about the company's key sustainability objectives and investment plans in 2023.
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.
Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.
