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.
The National Bank of Romania (BNR) ended 2024 with a profit of roughly RON 3.8 billion (EUR 760 million), a 58% increase compared to the previous year, despite the operations it performed to maintain the national currency's stability. The figures, published in a report on Monday, June 23, show that operating costs for 2024 were […]
Over half of Romanians trust the United States and the United Kingdom, according to the Informat.ro - INSCOP Research Barometer conducted between May 26–30, 2025. Only 11% trust Russia, with higher levels of trust from among far-right voters of the Alliance for the Union of Romanians (AUR) party. The United States is trusted by 52.8% […]
Prahova County launched construction on a major cycling infrastructure project aimed at connecting local vineyard towns and promoting green mobility and sustainable tourism. The initiative, titled “Establishment of Bicycle Lanes on Bachus’s Route,” represents an investment of over RON 25 million, with RON 21 million coming from non-reimbursable funds provided by the Environmental Fund Administration. […]
Forvis Mazars, the international audit, tax and advisory services partnership, is pleased to announce the launch of its International German-Romanian Desk, an initiative aimed at addressing the demand for integrated cross-border tax and legal support between Germany and Romania. The Desk combines a highly qualified German team of lawyers with an interdisciplinary Romanian team of […]
Last week, the BBC reported that Romanian authorities have launched an investigation into Tristan Tate, brother of controversial internet personality Andrew Tate, over allegations he broke election laws by posting political content on social media during the recent presidential elections. The investigation, opened by the Ilfov county police according to the British newspaper's sources, is […]
Bucharest is facing growing environmental challenges, with traffic-related air pollution, shrinking green spaces, and worsening climate impacts threatening the health and well-being of its residents, according to the latest “State of the Environment in Bucharest” report released by the Bucharest Community Foundation through the Environmental Platform for Bucharest. For example, air pollution has already reached […]
