Over the past 14 years, Garanti BBVA has financed environmental projects with more than EUR 500,000 through the partnership developed with WWF-Romania, the Bucharest-based bank said in a release on Monday, detailing that its cooperation with WWF-Romania began in 2010, with the launch of the WWF Bonus Card, which allowed cardholders to direct 0.3 percent of their purchases to WWF projects. Through this initiative, the bank contributed EUR 500,000-plus to essential actions carried out by WWF for the conservation of the environment in the Carpathian Mountains and along the Danube, supporting at the same time the sustainable development of local communities.The allocated funds allowed WWF-Romania to carry out a series of impactful projects, including: the improvement of the Forestry Code: Initiatives aimed at combating illegal logging and reducing deforestation; the WeWilder Campus - contribution to the sustainable development of the Armenis community (Caras-Severin County); the first BearSmart City - implementation of intelligent solutions to promote the peaceful coexistence between humans and bears; the bison reintroduction initiative, in collaboration with Rewilding Europe; ecological restoration in the Danube Delta, in Mahmudia, Tulcea County.Garanti BBVA is part of Garanti BBVA Romania Group, along with Garanti BBVA Leasing, Garanti BBVA Credite de Consum and Garanti BBVA Fleet Management. Garanti BBVA Romania is owned by Garanti BBVA, the second largest privately-owned bank in Turkey in terms of consolidated assets. The Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA) is Garanti BBVA's majority shareholder.WWF has been activating in Romania since 2006 to protect the wild environment in the Carpathian Mountains and along the Danube, being involved in projects related to protected areas, waters, forests, brown bears, the Danube Delta, sturgeons.
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
