Finance

Alina Oprea   |   25 July, 2023 at 5:00 PM

BRD Asset Management SAI launches first fund for ESG investments

BRD Asset Management SAI, the specialized investment management company of BRD - Groupe Société Générale, has launched its first fund that promotes environmental, social characteristics and pursues good governance (ESG) practices.

Alina Oprea   |   25 July, 2023 at 8:05 AM

ING Bank Romania aims for net-zero in its own operations

ING Bank Romania has invested €11 million in the past 11 years in environmental actions in Romania and €1.2 million were donated in 2022 alone for vulnerable groups' support, says Alexandra Maier, Sustainability Manager at ING Bank Romania.

Alina Oprea   |   5 July, 2023 at 10:00 AM

OTP Bank Romania enhances commitment to sustainable financing

The banking sector in Romania has made notable progress in aligning its practices to evolving ESG standards and regulations aimed to support the EU's ambitious decarbonization targets, says Gyula Fatér, CEO of OTP Bank Romania. He talked to Green Forum about the role that ESG currently plays in the decision-making process at OTP Bank Romania.

Alina Oprea   |   12 June, 2023 at 9:30 AM

Timișoara City Hall is paying its obligations for the environment

Mayor Dominic Fritz is announcing that the Municipality has paid its environmental payment obligations for the 2016-2020 period. The City Hall of Timisoara paid last week the last installment of the obligations of RON5.6 million (€1.12 million) calculated by the Environmental Fund Administration (AFM), for the mentioned interval.

Alina Oprea   |   9 June, 2023 at 1:30 PM

Libra Internet Bank finances construction of PV park in Mehedinți County

The GalicSud SRL company is building a photovoltaic park in Mehedinți County, Izvoru Bârzii commune, Halânga village, which will have over 27,000 photovoltaic panels and will cover an area of almost 200,000 sqm. The investment received a financing of €8 million from Libra Internet Bank.

Alina Oprea   |   7 June, 2023 at 12:30 PM

EBRD to support responsible mining in Greece

The European Bank for Reconstruction and Development (EBRD) aims to foster a sustainable and inclusive mining sector in Greece with an equity investment of €56 million in Eldorado Gold Corporation. The strategic investment will support the development of the Skouries copper and gold mine in Greece, which is operated by Hellas Gold SA, Eldorado's wholly-owned subsidiary.

Alina Oprea   |   19 May, 2023 at 5:30 PM

EIB to finance 100 MW solar power project in Kosovo

The EIB Global delegation led by Vice-President Lilyana Pavlova visited Pristina to discuss cooperation opportunities aiming to strengthen connectivity, energy security, and the private sector in Kosovo. EIB intends to contribute to the transition to a low-carbon economy by supporting the development of a 100 MW solar power plant in the Obiliq area, as well as strengthening connectivity by supporting sustainable transport infrastructure.

Alina Oprea   |   18 May, 2023 at 9:00 AM

BCR finances the development of associations and social enterprises

In 2022, BCR granted funding of approximately €2.5 million for the development of associations and social enterprises, supporting the creation of approximately 1,800 jobs. More than 67,000 children and adults learned to build a better relationship with money through financial education workshops organized by BCR volunteers and partner associations. More than 160 NGOs were supported to develop impact programs in local communities.

Alina Oprea   |   9 May, 2023 at 7:29 AM

OTP Bank Romania collects 300 kg of waste from the Jiu River

OTP Bank volunteers collected, at the end of last week, over 25 bags of waste from the Jiu River, in the Ișalnița Dam area. the 22 volunteers collected 300 kilograms of waste, representing objects such as pet bottles, bottles, canned food, etc. A new action to clean the banks and riverbeds of Jiu, the second of this year will take place in September.

Alina Oprea   |   20 April, 2023 at 1:19 PM

OTP Leasing finances the green vehicle fleet of e-Mobility Rentals

OTP Leasing supports green mobility by financing the electric vehicle fleet of e-Mobility Rentals. This financing marks the beginning of a partnership that will support the purchase of 400 electric vehicles for the company's fleet by the end of 2024. e-Mobility Rentals green vehicles are currently used by companies in the food delivery industry and hypermarket chains.

Alina Oprea   |   20 April, 2023 at 8:26 AM

Vienna Insurance Group sees sustainability as an important part of its strategic orientation

Vienna Insurance Group considers sustainability as an important part of its strategic orientation. The insurer established the VIG Family Fund, a fund in which approximately €7 million were collected, which will support in the medium and long term the efforts to help the families of VIG employees in Ukraine who were affected by the war. The company shows that it supports social and ecological causes by investing in businesses such as solar and wind farms, in ecologically sustainable and affordable housing projects, or in eco-mobility.

Alina Oprea   |   12 April, 2023 at 4:03 PM

UniCredit Romania focuses on implementing the local ESG strategy

One of UniCredit's priorities in Romania in 2022 is the implementation of the local ESG strategy, as the bank's report shows. Thus, the bank finances businesses in the area of green energy, renewable energy, and energy efficiency, and the green loan with mortgage intended for individuals continued to be one of the requested products.

Alina Oprea   |   28 March, 2023 at 6:00 PM

€1.1 billion in finance to be mobilised in sustainable projects

More than €1.1 billion in finance to be mobilised in sustainable projects, supported by €150 million in InvestEU guarantees. Under the InvestEU programme, the European Bank for Reconstruction and Development (EBRD) and European Commission work together to help various EU countries in reaching their full green potential. New investments to boost green and sustainable projects in the municipal, transport, and energy sectors. Funds to benefit Bulgaria, Croatia, Czechia, Estonia, Greece, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia

Alina Oprea   |   28 February, 2023 at 2:46 PM

Raiffeisen Bank returns with a sustainable bond issue

Raiffeisen Bank returns with a new issue of sustainable bonds at the Bucharest Stock Exchange in the amount of over RON 369 million (€ 73.8 million). The bank is one of the most active issuers on the stock market in the implementation and promotion of green financing on the capital market.

Alina Oprea   |   21 February, 2023 at 2:58 PM

Romanian Revolut users donate €860,000 to Ukrainian refugees

Users of the financial application Revolut have donated over €11.8 million for refugees from Ukraine. €860,000 were donated by Romanian users to the NGOs that joined the Appeal (Romanian Red Cross, Hope and Homes for Children, Fundația Regală Margareta a României, Code for Romania).

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