Finance | 5 January, 2024 at 4:26 PM
IFC loans Karsan €35 million to drive electric vehicle production
IFC is providing a €35 million loan to Karsan.
IFC is providing a €35 million loan to Karsan.
Allview, the Romanian brand in the electronics industry, announced the official launch of the CityZEN model, an electric car primarily dedicated to urban traffic and short extra-urban trips.
The mayor of Brasov, Allen Coliban, has announced that he has signed the works contract for the largest garage for electric buses.
PepsiCo has announced that 80% of its fleet has transitioned to hybrid vehicles, marking significant progress in line with the company's goal to achieve net-zero emissions in its global operations by 2040.
Mihai Chirica, the mayor of the city of Iași, has announced that 18 trams and 25 electric buses will be purchased with funds from the National Recovery and Resilience Plan (PNRR).
The general mayor of the capital, Nicuşor Dan, has announced that 100 electric busses have arrived at the STB Bujoreni depot and are to be put into circulation.
Investors' enthusiasm for EV companies is fading, says eToro's analyst for Romania, Bogdan Maioreanu.
The authorities in Cluj have announced that they would buy 34 electric school minibusses for the students in the county.
Alstom has announced is investing over €50 million to establish a state-of-the-art depot in Bucharest, for the maintenance of the new Coradia Stream electric passenger trains.
OMV will start building a network of 28 ultra-fast electric car charging stations on the country's high-traffic routes by the end of the year.
The Timis County Council has given the green light to purchase electric minibusses for schoolchildren.
The vice mayor of the capital, Stelian Bujduveanu, has announced that the first 51 BMC electric buses have arrived in Romania.
12,000 electric cars have been registered in Bulgaria to date, which represents over 50% growth compared to 7,800 registered in 2022, announced Boryana Koleva, chief expert in the "National Transport Policy" Directorate of the Ministry of Transport and Communications.
Bulgaria's western municipality of Kyustendil has said it launched a 5.16 million levs ($2.8 million/€2.6 million) tender for the delivery of electric buses and their charging stations.
FNM has presented, together with the manufacturer Alstom, a global leader in smart and sustainable mobility, the Coradia Stream train powered by hydrogen.
The City Hall of the Capital is to install 50 recharging stations for electric vehicles, with two recharging points each, on 11 sites in the City of Bucharest.
BRD Groupe Société Générale, in cooperation with Eldrive Romania, started this month the first phase of a pilot project to install charging stations for electric cars at the branches in Galati and Timișoara.
The share of electric cars in the European car market exceeded, for the first time, the 20% threshold in August, according to the figures published by The European Automobile Manufacturers' Association (ACEA).
Orlen is testing the first hydrogen locomotive in Poland which it has purchased from PESA Bydgoszcz.
Botoșani County Council announces that three electric school minibusses purchased through a program of the Ministry of Development, have arrived in Botosani County.
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
Greenvolt Next entered the local market in the last quarter of 2023, supporting Romanian companies with innovative solutions for generating and consuming electricity through customized photovoltaic systems (rooftop, ground-mounted, carports), energy efficiency interventions, solar storage, and electric mobility.
The European Commission and the European Investment Bank (EIB) Group are collaborating with national promotional banks (NPBs) and international financial institutions (IFIs) to create new financing opportunities for affordable and sustainable housing across Europe.
The European Commission has approved, under EU State aid rules, a €400 million Austrian State aid scheme, and a €36 million Lithuanian State aid scheme, to support the production of renewable hydrogen through the European Hydrogen Bank's “Auctions-as-a-Service” tool for the auction closing in 2025.
PGE Polska Grupa Energetyczna has contracted LG Energy Solution Wrocław to build a 262 MW, 981 MWh electricity storage facility in Żarnowiec, valued at €372 million. Completion is expected by Q2 2027.
