The European Bank for Reconstruction and Development (EBRD) has granted gas and power utility Engie Romania a loan of EUR 90 million for the development of new renewable energy projects with a total capacity of at least 250 MW by 2028."The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of renewable energy in Romania with a EUR 90 million loan to Engie Romania, one of the country's leading energy suppliers and distributors. The EBRD's financing will enable Engie to develop new renewable energy projects with a combined capacity of at least 250 MW by 2028," the bank said in a statement.Engie Romania is a leading player in the country's energy market and part of Engie Group, a multinational utility with operations across 31 countries. Engie Group has invested over EUR 2 billion in Romania since the privatisation of Distrigaz Sud in 2005, mainly related to the gas distribution network and to renewable energy production."We are pleased to be partnering with Engie Romania for the first time to support its renewables ambitions and meeting the decarbonisation targets. This investment reflects our continued commitment to the green transition in the region and lays the foundation for a strong long-term relationship built on shared decarbonisation goals," said Grzegorz Zielinski, Director, Energy Europe at the EBRD, as cited in the release.Nicolas Richard, CEO of Engie Romania, stressed that EBRD's support reinforces the company's ambition to expand its renewable energy portfolio, a core element of its decarbonization strategy, and to provide customers with green energy. "We are proud to join forces with the EBRD in shaping a greener and more resilient energy for the Romanian customers," Richard said.The Engie Romania group of companies operates in the following areas of activity: distribution and supply of natural gas, production from renewable sources and supply of electricity, as well as green solutions and technical services for natural gas installations and residential heating systems. Engie Romania and its subsidiaries serve a portfolio of over 2.3 million customers, operate a 24,000 km distribution network, have a green generation capacity of 248 MW and employ over 4,400 people.The EBRD is a leading institutional investor in Romania, with over EUR 11.6 billion invested in 560 projects to date. EBRD support contributes to strengthening Romania's green economy and accelerating the transition to a low-carbon future, generating long-term benefits for the economy and the environment.
Over a third of Romanians, around 35%, would vote for the opposition party Alliance for the Union of Romanians, or AUR, according to data from a CURS survey published on Sunday, November 2. A further 24% of votes would support the governing Social Democratic Party, or PSD. The two other parties included in the current […]
The Romanian government and one of the most important European arms manufacturers, Rheinmetall, signed a cooperation agreement regarding the construction of a powder factory on Monday, November 3. The value of the investment is EUR 500 million, and Romania may be able to secure EU funding for it through the Security Action for Europe program, which […]
More than twenty years after launching Flavours Group, Romanian entrepreneur Raluca Țeposu continues to shape Romania’s modern food and hospitality landscape through a mix of creativity, consistency, and care. What began in 2002 as a small catering company built on the simple idea that “food should be about joy, connection, and good energy” has evolved […]
North Bucharest Investments (NBI), a real estate investment and management company, reports a transaction volume of €161 million as of the end of October 2025. By the end of the year, the company anticipates a 25% increase compared to the average level of the reporting period, driven by sustained investor interest and new investment packages […]
Cambridge School of Bucharest (CSB), one of Romania’s leading British international schools, is delighted to announce its Open Days for Admissions for the 2026–2027 academic year, to be held on Wednesday, 19 November, and Friday, 21 November 2025, at its modern campus in Pipera. The Open Days provide prospective families with the opportunity to explore […]
Romania signed a Memorandum of Understanding regarding military cooperation with Egypt on Sunday, November 2. The understanding includes exchanges of expertise, joint exercises, and concrete projects in the field of defense. After the signing, defense minister Ionuț Moșteanu said that among the topics discussed with counterpart Abdel Mageed Ahmed Abdel Mageed Saqr were the security […]
