Banca Transilvania provides €10 million in green funding for Quartier Azuga

Green Forum
Banca Transilvania financed the company STC Partners with  €10 million for the expansion of the Quartier Azuga residential complex in Bucharest's Tei area by more than 100 homes. The first phase of the project was also backed by BT with €6million in January this year. 

The standards offered by Quartier Azuga are based on modern living conditions and environmental responsibility, resulting in higher living standards, significant utility cost savings, and a reduced carbon footprint. 

"Banca Transilvania supports high-quality green real estate projects such as Quartier Azuga. Our additional investment in the development of this new green residential community underlines our confidence in the quality of the project and its contribution to Bucharest's landscape and quality of life," sayid Cosmin Călin, Executive Director of Large Corporate, Banca Transilvania.

Since 2007, Banca Transilvania has been the first bank in Romania to provide energy-efficiency financing in the residential sector.    

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Cost remains main driver and biggest barrier in sustainability
Business

Cost remains main driver and biggest barrier in sustainability

51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.

Environment

Nearly 772 million liters of water are lost annually due to leakages

The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.

Real estate

Iulius invests €29 million in Europe's largest private soil cleanup

Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.

READ MORE
Green Forum  |  20 October, 2025 at 6:38 PM
Green Forum  |  10 October, 2025 at 9:55 AM