Finance | 4 April, 2025 at 7:07 PM
Agricover Credit secures $42 million funding from the IFC
The IFC, part of the World Bank, is facilitating a financing package worth the equivalent of $42 million for Agricover Credit IFN.
The IFC, part of the World Bank, is facilitating a financing package worth the equivalent of $42 million for Agricover Credit IFN.
In addition to the IFC's contribution, the AIIB (Asian Infrastructure Investment Bank) will invest an equivalent amount, bringing the total value of the bond issue to €200 million.
Half of proceeds allocated to green loans for smaller businesses and half for green housing loans.
The collaboration with IFC supports Norofert in conducting comparative research to evaluate the impact of microbial inputs in soil on carbon emissions and CO2 sequestration.
It will help reduce Romania energy sector's carbon footprint by an estimated 500,000 tons of carbon dioxide equivalent emissions per year.
BRD and IFC closed a landmark synthetic significant risk transfer transaction that will free up capital for BRD to boost the financing of sustainability-related projects.
Hartmann Packaging has announced the purchase of the Romanian subsidiary of Dentaş Kağıt Sanayi, which specializes in the production of molded fiber packaging solutions.
Premier Restaurants Romania, the operator of McDonald's restaurants in the country, announced a turnover of over RON 2 billion (€401 million) in 2024.
Wolt, the Helsinki-based technology company, is set to officially launch operations on the Romanian market this May.
Chinese car maker Chery has officially announced its entry into the Romanian market through a partnership agreement with Auto Italia Group, part of the Samelet Group.
Oil and gas major OMV Petrom has announced that its wind and photovoltaic projects in Romania have a combined capacity of 2.4 GW.