climate-finance

The European Bank for Reconstruction and Development (EBRD) will provide a €9.2 million loan to finance the modernization of heating networks in Serbia, according to a statement released on Wednesday. The funds will be allocated to Public Utility Company (PUC) Novi Sad Heating Plant, one of the largest district

Bulgaria's green energy sector faces a significant setback as the biofuel market bubble bursts, leading to a wave of bankruptcies. The collapse is attributed to unsustainable business models and high production costs that have crippled several companies in the industry. According to industry experts, the biofuel market, once

The European Bank for Reconstruction and Development (EBRD) has invested EUR 15.5 million in Premier Energy's initial public offering (IPO), aiming to enhance Romania's renewable energy sector. Premier Energy, a key player in Romania's energy market, plans to use the proceeds from the

Romania has announced an ambitious plan to invest €1 billion in its agricultural and energy sectors by 2027, aiming to bolster economic growth and sustainability. The investment, outlined by the Ministry of Agriculture and Rural Development, will focus on modernizing infrastructure, enhancing productivity, and promoting renewable energy projects. Agriculture Minister

Bulgaria has received a substantial financial boost from the European Union, securing €652 million aimed at enhancing the country’s electricity grid. This funding is part of the EU's broader initiative to improve energy infrastructure across member states, facilitating a more resilient and sustainable energy network. The Bulgarian