EBRD lends €90 million to support bakery producer Lantmännen Unibake Romania Loan to finance construction of new state of the art bakery production facility in Bucharest Bakery will be one of Lantmännen’s largest facilities, built in line with leading sustainability standards. The European Bank for Reconstruction and Development (EBRD) is lending €90 million to support Swedish Lantmännen Group’s expansion plans in Romania. Lantmännen Group is an agricultural cooperative and Northern Europe’s leader in agriculture, machinery, bioenergy and food products. It is owned by 18,000 Swedish farmers, employs around 10,000 people and has operations in over 20 countries. The group owns Lantmännen Unibake, a bakery company that operates more than 30 bakeries globally. Its Romanian subsidiary, Lantmännen Unibake Romania, is an established producer of frozen bakery products in the country. The EBRD’s investment will be used to finance the construction of Lantmännen Unibake Romania’s new state of the art bakery facility in Bucharest, which will serve as a central production hub supplying countries in Central and Southeast Europe. The new facility will be constructed in line with the EBRD’s Green Economy Transition building requirements, supporting Lantmännen’s wider sustainability agenda including Lantmännen Unibake’s decarbonisation commitments validated by the Science Based Target initiative (SBTi). Once completed, the facility will be one of the largest bakery operations within Lantmännen Unibake. It will unlock the export potential of bakery products in Romania, one of Europe’s largest wheat exporters, and support the modernisation of the bakery sector in the country. To support improved skills and training as well as access to employment opportunities, Lantmännen will also implement a vocational training programme for young men and women, enabling work-based learning in food production. The EBRD is a leading institutional investor in Romania. To date, the EBRD has invested €10.5 billion through 515 projects in the country, focussing on financing infrastructure, boosting private sector productivity and further developing the financial sector and capital markets. In 2022, more than 61 per cent of the EBRD’s investments in Romania were in the green economy.
In Romania, Christmas is more than holiday markets, decorated trees, and wrapped gifts. It's a season filled with old customs, lively rituals, and dishes that bring families together. One of the most popular Christmas traditions is caroling. Although traditions vary depending on the area, the ritual of going from house to house and singing carols […]
President Nicușor Dan said the “rule of law is not negotiable” and stressed that serious problems affecting the justice system can be resolved, as public concern grows following allegations of corruption highlighted in a recent investigative documentary by Recorder titled “Captured Judiciary.” People
Romanian authorities have reportedly confirmed an increase in “super flu” cases in December after the virus caused unprecedented problems in other European countries. In total, over 3,000 flu cases were reported in Romania in just the first week of December, double the number recorded in the previous week (1,504), Euronews Romania reported. The virus is […]
This autumn, a mature linden tree on the campus of the British School of Bucharest (BSB) was relocated to a new position within the school grounds to make space for the development of new sports facilities. The operation, supervised by two UK specialists from Ruskins Trees & Soil Biology Ltd, represents the first such relocation […]
Romania continues to record the largest value-added tax gap in the European Union, losing around one-third of both VAT and corporate tax revenues, according to an analysis by PwC Romania based on the VAT Gap in Europe report by the European Union. The country has held the top position in VAT non-collection for the past […]
Romanian companies recorded higher profitability than peers in Bulgaria, the Czech Republic, Hungary, and Poland across nine economic sectors, positioning Romania among the most attractive regional markets for investors in selected industries, Ziarul Financiar reported, citing a joint study by the Bucharest...
