Finance | 14 March, 2025 at 8:00 AM
EIB funding for Romania nears €10 billion mark since 2020
The European Investment Bank (EIB) Group's financial support for Romania is rapidly approaching a significant milestone.
The European Investment Bank (EIB) Group's financial support for Romania is rapidly approaching a significant milestone.
Replacing fossil-based raw materials with recycled and renewable ones supports the circular economy and decreases tires' carbon footprint.
According to Nokian Tyres, its new passenger car tire factory in Oradea will be the world's first full-scale tire factory with zero CO2 emissions.
Nokian Tyres new passenger car tire factory in Oradea, Romania will operate entirely without fossil fuels
The construction of the factory started in May 2023 and requires a total investment of €650 million.
The Romanian government has approved a new state aid scheme with a total budget of RON 578 million (up to €150 million) to assist large energy consumers in Romania.
Romania's unemployment rate at the end of February 2025 was 3.37%, a decrease of 0.01 percentage points compared to the previous month.
Electrica saw a net profit of RON 376.5 million (€75.5 million) in 2024, down 39.3% compared to 2023, while its operating revenues totaled RON 10.87 billion (€2.1 billion).
Romania's Ministry of Finance successfully raised RON 75 million (€15 million) from commercial banks on Friday.
Distribuție Energie Oltenia (DEO), the electricity distribution company part of Evryo Group, has signed a large scale syndicated loan.