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.
Construction and real estate development company Novarion has announced its intention to list on the AeRO market of the Bucharest Stock Exchange by the end of the year or at the beginning of next year. Listing will take place following a EUR 70,000 grant obtained through the EU-backed National Recovery and Resilience Plan, or PNRR. […]
“The Robot Cellist,” the visionary project of international artist Fredrik Gran, will perform during GoTech World 2025, the largest IT and digital solutions expo-conference for the business environment in Central and Eastern Europe. Created by Swedish composer Fredrik Gran, “The Robot Cellist” reinterprets the cello through technology, blending tradition with innovation. It has already appeared […]
Romania is 7th in a ranking of the fastest Wi-Fi connections available onboard trains in 18 countries in Europe and Asia, according to an analysis by internet speed testing service Ookla. With a median download speed of 12.46 Mbps, Romania offers Wi-Fi more than twice as fast as Italy (4.78 Mbps) and Poland (4.72 Mbps), […]
Bucharest’s Botanical Garden will once again be illuminated this fall as the “Garden of Lights – Small World” exhibition opens to the public on October 24. The nighttime event will feature thousands of light installations, colorful lanterns, multimedia projections, and interactive displays inspired by landmarks and cultures from around the world. Visitors will embark on […]
The Metropolis Foundation announced the start of construction works on Romania’s largest pediatric psychiatry hospital, a project valued at over EUR 16.5 million. The new facility will be built within Bucharest’s “Prof. Dr. Alexandru Obregia” Psychiatric Hospital. The 3,900 sqm building will include modern wards, medical offices, occupational and virtual reality therapy rooms, sensory and […]
Global enterprise AI agent platform Wonderful announced on Monday, October 13, that it entered the Romanian market and appointed Lucia Stoicescu as Country Manager. Founded in early 2025 by Bar Winkler (CEO) and Roey Lalazar (CTO), Wonderful provides an integrated agent platform allowing enterprises to build, manage, and monitor AI agents serving customers. Winkler previously […]
