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.
The Petrotel Lukoil refinery in Ploiești, in Romania’s Prahova county, will shut down completely for 45 days for a scheduled general overhaul, the company announced on Thursday, October 16. The maintenance work will take place between October 17 and November 30 and will cover both technological installations and auxiliary units,
Via Danubiana, an ecotourism trail following the Romanian stretch of the Danube River, reached a new stage earlier this month with the installation of its first milestone in Teleorman County. The marker, set up in the commune of Islaz, is the fourth along the route and part of efforts to link riverside communities through nature […]
The German STIHL Group has officially inaugurated its first production facility dedicated exclusively to battery-powered equipment in Oradea, western Romania, on Wednesday, October 15, after an EUR 125 million investment. Construction began in March 2024 and was completed in less than 18 months. The factory will gradually increase its production capacity, reaching an annual volume of […]
Romania is reportedly considering launching a Golden Visa program offering temporary residence permits to non-EU investors in exchange for significant financial commitments in the country, Profit.ro reported. According to the draft bill, the scheme – officially called...
Romania's Social Democratic Party (PSD) may insist on hiking the minimum wage as of January 2026, in line with the national legislation, but also to implement the Directive (EU) 2022/2041 on minimum wage as already envisaged last year. This puts at risk the government's plans for keeping the wages in the budgetary sector constant until […]
The Turceni City Hall signed on Tuesday, October 14, a financing contract with the European Investment Bank (EIB) for a project that aims to create a renewable energy hub, Economica.net reported. The project, worth a total of...
