EBRD loan of up to €20.5 million to help Iasi upgrade 15 buildings and bus and tram depot Project expected to result in energy savings of around 34 per cent Financing is part of EBRD Green Cities, Bank’s flagship urban sustainability programme One of Romania’s largest cities, Iasi, will improve the energy efficiency of public buildings thanks to a €20.5 million loan from the European Bank for Reconstruction and Development (EBRD). In Iasi, the energy consumption of public and commercial buildings, and the emissions from buses, trucks and other vehicles together account for around 67 per cent of the city’s annual emissions of nitrogen oxides, which are responsible for air pollution. The project presents significant potential for energy savings. The EBRD loan will finance the energy efficiency upgrading of 15 public buildings and the reconstruction of a bus and tram depot, designed and equipped for a new urban transport fleet that currently includes 32 trams and 44 electric buses. The depot infrastructure will support low-carbon transport in the city and enable the operation and maintenance of the current and future urban transport fleets. The renovation of buildings and the integration of energy-efficiency and renewable-energy measures in the upgraded depot will lead to energy savings of approximately 34 per cent. The project is part of Iasi’s commitment to improving the environment under the EBRD’s flagship urban sustainability programme, EBRD Green Cities. The programme, which Iasi joined last summer, was created to offer cities tangible support to improve the quality of life of their residents. This is the 54th project under EBRD Green Cities and serves as Iasi’s trigger project to formally initiate the city’s participation in the programme. In tandem with the project, Iasi will develop a Green City Action Plan (GCAP) that will prioritise local environmental challenges and identify further investment and policy actions to promote the city’s sustainable development. The GCAP for Iasi will be funded by the TaiwanBusiness-EBRD Technical Cooperation Fund. Iasi is one of three Romanian cities that are part of EBRD Green Cities, alongside Craiova and Medias. To date, the EBRD has signed €9.3 billion in more than 470 projects in Romania.
TEKUNI, a program dedicated to students and young entrepreneurs, was launched in Timișoara through a pilot project, with a future goal of nationwide expansion. The program offers a complete training path, structured into 7 modules that cover all stages of building a startup: from idea validation and MVP development to branding, marketing, legislation, finance, leadership, […]
The Romanian capital will be in the spotlight at the festival Un Week-end à l'Est, which runs in Paris until December 1. The event, which aims to present the artistic, literary, and intellectual richness of an Eastern European city, has previously focused on Warsaw, Odessa, Kyiv, Sofia, or Budapest. At its ninth edition, it is […]
Romanian tax agency ANAF has sued former president Klaus Iohannis in order to recover the loss of use of half of a property in the center of Sibiu. “The action represents a continuation of the steps that ANAF has taken for the recognition of the state’s ownership right and the recovery of compensation determined by […]
Romania will face Turkey in the semi-final of the World Cup qualifying play-offs, with the match scheduled to take place away from home on March 26 next year, Biziday.ro reported. A win would send the national team into the play-off final on March 31, where it would meet the winner of the Slovakia–Kosovo match. Romania […]
An exhibition showcasing various depictions of the traditional Romanian blouse ia, including Henri Matisse’s iconic La Blouse Roumaine, is opening this weekend in Bucharest, while Cluj is entering festive mode with...
Mercenary Horațiu Potra, who faces charges of attempting to undermine constitutional order in Romania, is being flown back to Bucharest under police escort after authorities in the United Arab Emirates approved his extradition,
