Finance | 14 March, 2025 at 8:00 AM
EIB funding for Romania nears €10 billion mark since 2020
The European Investment Bank (EIB) Group's financial support for Romania is rapidly approaching a significant milestone.
The European Investment Bank (EIB) Group's financial support for Romania is rapidly approaching a significant milestone.
Replacing fossil-based raw materials with recycled and renewable ones supports the circular economy and decreases tires' carbon footprint.
According to Nokian Tyres, its new passenger car tire factory in Oradea will be the world's first full-scale tire factory with zero CO2 emissions.
Nokian Tyres new passenger car tire factory in Oradea, Romania will operate entirely without fossil fuels
The construction of the factory started in May 2023 and requires a total investment of €650 million.
Arobs Systems, part of the Arobs Group, has signed two digitalization contracts with Romanian government institutions worth a combined €8 million to the company.
Romania's trade balance deficit (FOB/CIF) for January-November 2025 reached €29.77 billion, down €299.6 million (-1.0%) compared to the same period in 2024, according to data published by the National Institute of Statistics (INS).
Retail trade volume in Romania remained flat in November 2025 compared to the previous month, according to the latest data released by Eurostat.
Law firm Kinstellar has assisted renewable energy developer Big Mega Renewable Energy on approximately €100 million project financing with a syndicate of lenders for the construction and operation of the Văcăreni wind farm located in Tulcea County, Romania.
Romania's Competition Council has fined eight companies a total of €32.15 million for participating in an anti-competitive agreement to divide the labour market and limit employee mobility while keeping human resource costs low.