EBRD lends RON 400 million to Romanian electricity and gas distribution company Delgaz Grid SA Loan to finance improvements in the electricity distribution network in north-eastern Romania Investment is part of a syndicated facility of RON 3 billion with seven commercial banks The European Bank for Reconstruction and Development (EBRD) is supporting energy security in Romania by lending RON 400 million (€80 million equivalent) to Delgaz Grid SA, an electricity and gas distribution company in the country. The EBRD’s investment is part of a wider syndicated facility of RON 3 billion (€600 million equivalent) with seven commercial banks, and will finance the modernisation and expansion of Delgaz Grid’s electricity distribution network in north-eastern Romania. The loan will enable Delgaz Grid to enhance its network with key solutions, such as new underground and overground cabling, new substations that use digitalised approaches and that integrate the latest supervisory control and data acquisition (SCADA) systems, as well as 272,000 smart meters for its customers. Improvements to the network will further reduce electricity interruptions and losses, improving the reliability of the electricity distribution network in the region. The enhancements will also enable more intermittent renewable energy to be connected to the grid, supporting Romania’s 2030 renewable energy target. As a result of the distribution network’s greater energy efficiency, approximately 13,000 tonnes of CO2 emissions are expected to be avoided annually. The EBRD’s investment will be used solely for the purposes of expansion and modernisation of Delgaz’s electricity distribution network. Delgaz Grid SA operates electricity and natural gas distribution networks in the north of Romania, serving more than 3 million households. The company is part of the E.ON Group, one of Europe's largest energy network and infrastructure operators and a provider of innovative solutions to 50 million customers. The EBRD is a leading institutional investor in Romania. To date, the Bank has invested more than €10.8 billion in 523 projects in the country, focusing on financing infrastructure, boosting private sector productivity and further developing the financial sector and capital markets.
Rosavis Prod, a business founded in 2007 by the Vica and Constantin Mihăilă family in northeastern Romania at Roşieşti, Vaslui County, which raises 2 million chickens annually, is investing EUR 10.8 million in a feed factory, Ziarul Financiar reported. Out of this, EUR 6.5 million will come...
Telecommunications operator Digi Communications (stock symbol DIGI) has hired investment bank Rothschild to evaluate a possible listing on the Madrid stock exchange of its Spanish business, the publication Expansión wrote on September 12, citing anonymous market sources, according to Ziarul Financiar. ...
Romania’s current account (CA) deficit in rolling 12 months has narrowed for the second consecutive month to EUR 32.12 billion in July, according to the data published by the National Bank of Romania (BNR). The 12-month rolling CA gap has thus narrowed by EUR 0.5 billion from June, after it previously contracted by EUR 1.4 […]
Romania's minister of finance, Alexandru Nazare, has been on a working visit to Washington, DC, from September 11 to 13 to strengthen economic and financial dialogue with American partners and attract new investors in key sectors for Romania, such as energy, infrastructure, and technology, the Ministry of Finance announced. The agenda of the visit included […]
The minister of investments and European projects, Dragoș Pîslaru, announced on the evening of Friday, September 12, that Romania has officially submitted the renegotiated National Recovery and Resilience Plan (PNRR) to the European Commission, after which the formal approval by the Commission and then the decision of the ECOFIN Council will follow. Romania has currently […]
The main risk for Romania's macroeconomic balances rests in the budgetary area and are related to the commitment for full implementation of the first and second packages this year and in 2026 – but even under the best case scenario, the measures legislated so far would not bring the general government deficit lower than 6% […]
