The European Investment Bank (EIB) granted Distribution Electric Energy Romania (DEER), the distribution operator within the Electrica Group, a loan worth 200 million euros to modernize its network which covers 40% of Romania's territory and serves approximately 4 million households and businesses, informs a press release from Electrica."Electrica's smarter and more resilient infrastructure will mean easier operations for the businesses it serves, better living conditions for people and, in general, a greener environment for everyone. Romania's electricity network urgently needs investment to manage the aging of the infrastructure in the context of the increase in demand for electricity", said EIB Vice President Ioannis Tsakiris, quoted in the release.The loan, which can be paid in euros or lei, will help DEER better serve its customers, improve energy efficiency and facilitate the connection of renewable energy sources."In times when we need financing for our ambitious development, the EIB's support is a clear sign to the market that we are reliable and competitive. We are also happy to contribute to Romania's and the EU's energy and climate plans", said Alexandru Chirita, general manager of Electrica.The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its member states. It finances investments that contribute to EU policy objectives. EIB projects strengthen competitiveness, stimulate innovation, promote sustainable development, strengthen social and territorial cohesion and support a fair and rapid transition to climate neutrality.The EIB Group, which also includes the European Investment Fund (EIF), has signed new financing worth a total of 88 billion euros for over 900 projects in 2023. These commitments are expected to mobilize around 320 billion euros in investments, which will support 400,000 enterprises and 5.4 million jobs.DEER serves approximately 4 million users with a coverage of 18 counties in three geographical areas for the distribution of electricity: Northern Transylvania, Southern Transylvania and Northern Muntenia. Since July 2014, Electrica S.A., the group's holding company, has been listed on the Bucharest and London Stock Exchanges.
The Romanian stock market benchmark – the BET Index – officially crossed the 20,000-point threshold on Tuesday, July 25, 2025, marking a major milestone in its recent surge. The BET has gained about 7.5% in the last month, setting several new record highs on its path to 20,000 points. However, the Bucharest Stock Exchange’s recent […]
If you operate as a crypto broker, you might have come across a crypto broker program — a specialized service designed to enhance broker operations, expand service offerings, and optimize how they serve their end clients. These platforms have grown in popularity, offering streamlined access to the digital asset space with tools designed to suit both […]
For its 2025-2026 season, the George Enescu Philharmonic will bring to Bucharest more than 70 Romanian and foreign conductors and soloists of top level, 75% of whom are present for the first time in its artistic programming, the institution said. Among the names that will take the stage of the Romanian Athenaeum in Bucharest starting this […]
The Neuman House, a protocol residence for former communist dictator Nicolae Ceaușescu situated in the city of Arad, in western Romania, is up for sale for EUR 2.4 million, according to an online listing by an international agency specializing in luxury property brokerage cited by Agerpres. The building belonged to the noble Neuman...
During a press conference held on Tuesday, July 29, Romanian prime minister Ilie Bolojan presented the main measures from the magistrates' pension reform project, which will be included in the third fiscal package. The project includes raising the retirement age and capping pensions. The reform is urgent and necessary, said the official, who also warned […]
UNICEF has launched the Romanian-language version of the podcast On My Mind (În Mintea mea), created to support young people's mental health, with the support of global streaming platform Spotify. The Romanian-language version of the podcast complements the work carried out by UNICEF in Romania, which is currently implementing an initiative aimed at promoting the […]
