Daniel Kozak
- European Investment Bank
- Bucharest Office
- Strada Vasile Lascăr 31
- 020492 Bucureşti, Sector 2
- Romania
The European Investment Bank (EIB) is lending Distributie Energie Electrica Romania (DEER), the distribution operator within the Electrica Group, €200 million to upgrade its electricity distribution network covering 40% of Romania and serving approximately 4 million households and businesses. The loan, which can be disbursed in euro or lei, will support DEER in better serving its customers, improve energy efficiency, and facilitate the connection of renewable energy sources.
The European Investment Bank (EIB) is lending €70 million to a unit of Romanian bank BRD Groupe Société Générale to increase financing for a range of businesses in the country. The EIB loan to BRD Sogelease IFN SA is meant to benefit Romanian small and medium-sized enterprises (SMEs) and Mid-Caps.
More than eight out of ten Romanian respondents recognise the need to adapt their lifestyle due to the effects of climate change, according to the annual Climate Survey commissioned by the European Investment Bank (EIB). Among the challenges facing Romania, respondents ranked climate change second only to the increased cost of living. Many believe that investing in adaptation now will prevent higher costs in the future.