FUNDING
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Government Allots RON20M For Projects Already Submitted Via Green House Program
The Romanian Government has allotted 20 million lei (EUR4.4 million) by the end of the year to finance the projects already submitted under the Green House program, Environment Minister Rova...
EU Approves EUR 210.9M Co-Financing For Romanian Roads
The European Commission has approved non-reimbursable financing of EUR210.9 million to Romania for the construction of the Timisoara-Lugoj highway in the western part of the country and a ro...
EU-Funding Unlikely For Thermal Rehabilitation – Minister
Romanian development minister Cristian Petrescu on Friday said there is little chance for the thermal rehabilitation of buildings to receive EU funding, which means the ministry will have to...
Garanti Bank Secures EUR22.5M Loan From IFC To Fund Women-Owned SMEs
Lender Garanti Bank Romania on Thursday said it will grant financing worth a total EUR22.5 million, targeting small- and medium-sized companies, especially those owned or managed by women, f...
EBRD Considers EUR207M Funding For Vimetco Power Romania
The European Bank for Reconstruction and Development (EBRD) is considering funding Vimetco Power Romania with up to EUR207 million in senior secured financing, for the construction of gas-po...
EC Blocks Desulphurization Funding For Romanian Plants
The European Commission recently notified the Economy Ministry that it no longer agrees to cofinance a EUR127 million scheme for desulphurization activities at thermal power plants, approved...
Constructors Have EUR1B Contracts From Development Ministry, But Don’t Have The Money To Execute Them
The construction companies that have so far won contracts worth around EUR1 billion for the rehabilitation of county and local roads included in the National Infrastructure Development Progr...
Romania Assigns EUR600M To Fund EU Projects Until EU Resumes Reimbursements
Romania’s Government has decided to assign EUR600 million from privatization proceeds to continue funding EU projects until the European Commission resumes payments to Romania.
Economy Ministry Ups Renewable Energy Fund Cap To EUR287M
Romanian Economy Ministry has increased by EUR100 million the budget for renewable energy projects co-financed from European funds, the ministry said in a statement Tuesday.