The health costs caused by air pollution in Bucharest are the biggest in Europe and reach approximately 3,000 euro/person,that is why Low Emission Zones (LEZ) must be implemented by 2025 to improve air quality, say 2Celsius experts in a specialized analysis. "The health costs caused by air pollution in Bucharest are the highest in Europe, about €3,000. At the same time, the European Environment Agency announces that air pollution remains the main environmental risk to the health of Europeans and estimates that at least 253,000 deaths in the EU in 2021 can be attributed to exposure to fine particulate matter (PM2.5) above the WHO recommended concentration of 5 micrograms per cubic meter", the source cited. According to a research, made by 2Celsius and Ecopolis in 2023, through which the level of NO2 was monitored from 21 locations in Bucharest, exceedances of the legal limit values were recorded at six points. NO2 is a gas resulting from road traffic, industrial activities and power generation and, in high amounts, affects human health, causing in particular respiratory diseases.In this sense, the environmental organisation presented a proposal for the implementation of such areas in the Report on waste burnings and other materials valuable in Bucuresti and Ilfov, made by Ecopolis and AerLive in 2021.‘In such areas, the use of transport means which are less polluting, such as electric cars, bikes or ecological public transport, applying taxes and restrictions for conventional motor vehicles which meet the standards for emissions already established. The implementation of the low emissions zones means a seris of administrative and technical measures, including the installation of adequate signals, the monitoring of emissions levels and implementation of sanctions for breaking regulations’ consider the representatives of the association.The 2Celsius Association is a non-governmental organization established in 2010 with the aim to influence climate change policies at national and European level.
The Constitutional Court of Romania (CCR) will rule on December 10 on the objections expressed by the opposition party AUR against the revised law that includes higher taxes and better tax collection procedures, passed by the Parliament on November 18 in an amended form, such as to incorporate the issues already spotted by the CCR […]
The Social Democrat (PSD) candidate for the Bucharest mayor seat, Daniel Baluta, mayor of District 4 and president of PSD Bucharest organisation, leads with 26.6% of the general voting intentions expressed in the latest poll conducted by Inscop for Informat.ro. He is closely followed by the Liberal (PNL) candidate Ciprian Ciucu, currently mayor of District […]
Cris-Tim Family Holding (BVB: CFH) shares will start trading on the Bucharest Stock Exchange on November 26, following one of the most heavily oversubscribed initial public offerings ever conducted on the local market for retail investors, Ziarul Financiar reported. The listing follows a RON...
Banca Transilvania (BVB: TLV) is preparing to launch a new Additional Tier 1 (AT1) bond issue, denominated in euros, with an indicative coupon of 7.625% (semiannual payment), according to Bloomberg information consulted by Economedia.ro. The instrument is a EUR Benchmark Perpetual...
Banca Comercială Română (BCR, part of Erste Bank Group) raised EUR 500 million through its second Eurobond issue, strengthening its access to international capital markets. The issuance follows a local bond sale earlier this month and forms part of the bank’s broader funding strategy. BCR stated that the transaction secured “one of the most competitive […]
Premier Energy Group (BVB: PE), a leading integrated energy provider in Southeastern Europe and a listed company on the Bucharest Stock Exchange, announced the acquisition of a 100% stake in a ready-to-build battery energy storage system - BESS development located near Iași, eastern Romania. The project has a planned power input and output of 200 MW […]
