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.
With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]
Security officers at Romania’s Parliament stopped a woman on Friday morning, September 12, as she attempted to enter the building carrying six knives, according to media reports. The woman, a 35-year-old from Moldova, was on a supplementary guest list submitted by the nationalist AUR party for an economic forum scheduled inside the Palace of Parliament, […]
Bucharest will host the 12th edition of Asia Fest, the largest festival dedicated to Asian culture and gastronomy in Southeast Europe, from September 19 to 21 at the National Arena’s courtyard. Organizers describe the event as a “journey through Asia,” combining culture, entertainment, and sustainability initiatives. The three-day festival will showcase traditions, music, dance, and […]
The Romanian city of Alba Iulia will attempt to set a Guinness World Record on Saturday, September 13, with Masa Care Unește/The Table That Unites, a massive community gathering where more than 10,000 people will sit at a 2.7-kilometer-long table built entirely from recycled materials around the historic Alba Carolina Citadel. The event, organized by […]
Discount retailer Pepco celebrated a decade of operations in Romania on Thursday, September 11, with the opening of its 500th store nationwide. The company, which first entered the country in 2015 with stores in Bucharest, Ploiești, and Câmpina, now operates in more than 100 cities and employs nearly 4,000 people. Romania has become Pepco Group’s […]
Social Democrat (PSD) MP Mihai Weber, head of the parliamentary defense committee, came under fire after investigative platform Snoop unveiled his EUR 140,000 hybrid Mercedes AMG GLE 53 purchased this year through a small firm that operates no more than a countryside...
