Energy Efficiency

BSTDB initiates first energy efficiency facility in Romania

Photo: Pixabay

Published

July 27, 2018

Country

Comments

comments icon

0

Share

Published:

July 27, 2018

Country:

Comments:

comments icon

0

Share

The Black Sea Trade and Development Bank (BSTDB) has secured a EUR 7 million revolving facility for Garanti Consumer Finance, a Romanian non-banking financial institution, to finance energy efficiency, renewable energy, and water-saving solutions in the Romanian residential housing sector, the BSTDB said in a press release.

The BSTDB’s first facility of the kind is expected to help improve energy efficiency in about 700 households of low energy class in Romania.

Dmitry Pankin, president of the BSTDB, said that improving energy efficiency is a key element of a modern energy policy.

“We are happy to partner with Garanti Consumer Finance to help cut CO2 emissions, improve energy performance and quality of life of Romanian households, and contribute to national energy and environmental goals,” said Pankin.

The BSTDB’s current portfolio in Romania includes 14 signed operations for the total amount of over EUR 216 million supporting SMEs, manufacturing, agribusiness, and other key sectors of the economy.

“Energy efficiency reduces energy costs and leads to financial savings for customers. It is our mission to support and stand by our clients, while creating added value to their lives. Garanti Consumer Finance, as all Garanti institutions, is a supporter of ambitious projects,” Bogdan Dobre, acting general manager of Garanti Consumer Finance said.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Cities are driving the transition to climate neutral and fair housing

Cities are driving the transition to climate neutral and fair housing

19 May 2025 - City governments are ready to lead the transition to climate-neutral buildings by 2050, but they cannot do it alone

serbia germany kfw heating plants renewables district heating konrad muler

Serbia to invest EUR 60 million in renewables in district heating

16 May 2025 - The Minister of Mining and Energy met with Ambassador Anke Konrad and KfW's Director for Southeast Europe and Turkey Klaus Müller

North Macedonia Law on Energy

North Macedonia adopts Law on Energy

15 May 2025 - With a majority of votes, 62 out of 120, the Assembly of North Macedonia adopted the Law on Energy, aligning the legal framework with the EU

croatia subsidies energy poverty fzoeu

Croatia sets EUR 25 million in incentives for energy poor households

22 April 2025 - Croatia has earmarked EUR 25 million for households at risk of energy poverty. They will use the funds for energy renovation