ESG | 19 November, 2024 at 12:25 PM
Support from EBRD Women on Boards Program in Romania
Program empowers women in Romania to step into management or advisory board roles.
Program empowers women in Romania to step into management or advisory board roles.
Research shows that companies with diverse boards are more likely to outperform their peers, leading to better business outcomes, smarter decision-making, and enhanced innovation.
The European Bank for Reconstruction and Development (EBRD) has announced a €10 million equity investment in Romanian retail chain La Cocoș. Additional equity funding will be provided by CEECAT Capital and Morphosis Capital to support the retailer's development plans.
Founded in 2014, La Cocos is a Romanian discount retailer currently operating three locations in Ploiesti and Bucharest.
The proceeds will be used, among others, for the development, construction, and operation of two solar photovoltaic plants in Giurgiu County, with a combined capacity of 315 MW.
Under this new agreement, 30% of the funds will be directed to projects supporting the transition to a green economy.
The total value of the investment projects that will be financed including with the help of the mentioned credits is RON 1.44 billion.
Investment led by the European Bank for Reconstruction and Development (EBRD), Sofina, Index Ventures, Quadrille, and TCF Capital, complemented by growth capital funding from the European Investment Bank (EIB) under its Scale-Up Initiative.
The portfolio comprised almost 1,800 loans, showcasing the scale and diversity of the assets involved.
Romania is at 34% of the EU average in innovation in 2024, and the startup success rate is not above 10%.
The AADMS Integrated Platform, with the power grid analysis and modeling modules, will be realized through European fund.
tbi reports 26% YoY growth in total assets as to the end of September 2024, reaching €1.7 billion.
The collaboration involves key activities critical to the brand's long-term success in these new markets, including identifying and selecting franchise partners.
The BeeFast SaaS platform provides real-time visibility of delivery operations through an intuitive dispatcher tailored to the specific requirements of instant deliveries.