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.
On November 20th, 2025, the Bucharest Stock Exchange (BVB) celebrated 30 years since its reopening, organizing a series of anniversary events along with various representatives of the Romanian capital market. Three decades ago, the first transactions took place on the BVB, and the Romanian investment landscape as we know it today began to take shape. […]
With the holidays just around the corner, we’ve created the new Collection of Boromir Infused Cozonac with natural vanilla syrup and pistachio. Unique, slightly moist, and richly filled, our latest assortments of Boromir Infused Cozonac make every festive moment with your loved ones even more special. Each bite melts in your mouth, bringing warmth, comfort, […]
Romanian airline AnimaWings announced on Friday, November 21, that starting in 2026, it will operate five new air routes from Timișoara International Airport, serving holiday destinations in Italy and Greece. The new connections include Athens (ATH), Olbia – Sardinia (OLB), Kefalonia (EFL), Thessaloniki (SKG), and Kavala (KVA). “We want Timișoara to become a reference point […]
President Nicușor Dan promulgated a law establishing October 29 as Queen Marie Day, following the bill’s adoption by the Chamber of Deputies on October 28, news agency Agerpres reported. The new law designates the date as a day dedicated to commemorating the life and historical contribution of Queen Marie of Romania. On October 29, public […]
Horaţiu Potra, the mercenary leader with alleged ties to Russia who previously fled Romania, was placed under preventive arrest for 30 days after his extradition from Dubai. He is investigated for attempted actions against the constitutional order, violation of the regime of weapons and ammunition, and violation of the regime of explosive materials. The same preventive […]
Nicușor Dan is the political figure in whom Bucharest residents have the most trust, according to a survey by INSCOP Research. The former mayor, now head of state, is followed by prime minister Ilie Bolojan. More precisely, 44.2% of the total sample state that they have quite a lot or very much trust in Nicușor […]
