EBRD quadrupled the size of its Green Cities programme

The EBRD quadrupled the size of its Green Cities programme in support of environmentally friendly municipal investments to almost €1 billion.

Cities represent one of the greatest opportunities to address climate change and environmental degradation, since they account for 70 per cent of energy use and 80 per cent of greenhouse gas emissions.

The EBRD Green Cities programme addresses challenges that are particularly urgent in the regions where the Bank operates. In many cases, obsolete urban infrastructure is severely affecting the quality of life of citizens, increasing greenhouse gas emissions, and preventing communities from adapting to climate change.

EBRD Green Cities grew in 2018 after a first €250 million of funding, designed to last five years, was mostly committed within just two years. In October, the EBRD approved a further €700 million of funding, expanding the number of cities that can be supported.

source : EBRD


EU Sustainable Energy Awards can be submitted online until February 4, 2019.

The awards are part of the EU Sustainable Energy Week (EUSEW), organized by the European Commission (Directorate General for Energy and EASME), which will take place from June 17 to June 21.

The EU Sustainable Energy Awards are a major feature of the annual EUSEW Policy Conference.
EU Sustainable Energy Awards can be submitted online until February 4, 2019.

Application can be make hire https://eusew.eu/eu-sustainable-energy-awards

Frimu Ghinea


Romania: Nuclearelectrica will increase its capital

Nuclearelectrica (SNN) shareholders approved in the Extraordinary General Meeting of Shareholders (AGEA) on Friday, January 4, the increase of the share capital of the energy producer by about 0.41 million lei, according to a report sent to the Bucharest Stock Exchange ) at the end of last week.

The increase will be made through the in-kind contribution of the state, with a land of Cernavoda, with an area of 34,170 square meters, after obtaining the certificate of ownership attested by the Ministry of Industry and Resources, according to the press release.


Industrial output prices grow in November with 4% in the euro area

Industrial production prices rose in November with 4% in the euro area and in the European Union, compared to the same period in 2017, according to data released yesterday by the European Statistics Office (Eurostat).

Most countries reported increases in industrial producer prices in November, with most significant advances being recorded in Belgium (9.3%), Denmark (9.2%) and Estonia (8.6%), followed by Latvia and Hungary 6.9%), Cyprus (6.8%), Sweden (6.7%), Slovakia (5.9%) and Romania (5.8%). The only decrease was recorded in Ireland (minus 0.6%).

According to Eurostat data, industrial production prices decreased by 0.3% in the euro area and by 0.4% in the EU in November compared to the previous month.

The largest monthly increases in industrial producer prices were reported in Estonia (1.7%), Denmark (1.2%) and Sweden (0.8%), and the most significant decline in Greece (minus 2.7% ), The Netherlands (minus 1.4%), Lithuania and the UK (both minus 1.3%).

Frimu Ghinea


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