IFC, a member of the World Bank Group, and the Asian Infrastructure Investment Bank (AIIB) are investing €200 million in senior unsecured bonds to support infrastructure development in Europe.
IFC provided long-term debt financing for the 461-megawatt (MW) Vifor Wind Power Plant, to boost the supply of competitively priced renewable energy in Romania.
BRD Groupe Societe Generale and IFC, a World Bank Group member, have finalized a synthetic significant risk transfer (SRT) deal.
IFC is providing a €35 million loan to Karsan.
IFC is concluding a partnership with Raiffeisen Bank to boost sustainable growth in Romania.
Garanti BBVA Leasing, part of the Garanti BBVA Group, has signed a new loan agreement with the International Finance Corporation (IFC), a member of the World Bank Group, in the amount of €20 million.
The banking sector has a very important role in promoting the green economy by providing green loans and sustainable support.
Iulius Group installed photovoltaic panels on all the properties in its portfolio and will produce 5,500 MWh annually across the group. The total investment adds up to more than €3.5 million.
Real estate developer Iulius has entered into a partnership with IFC, a member of the World Bank Group, to develop a strategy to decarbonize the company's entire portfolio and reach the target of net-zero emissions.
ALD, a subsidiary of Societe Generale, takes a $400 million loan from IFC to expand its fleet of ”green” vehicles with the potential to reduce carbon emissions by up to 22,180 tons per year by 2026 in emerging markets, including in Romania.
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.
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.
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.
The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
