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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

EBRD backs car parts maker Faurecia in four countries, including Romania

The European Bank for Reconstruction and Development (EBRD) confirmed it is investing up to EUR 80 mln in a six-year bond ESG issue by French auto parts maker Faurecia to back investments in Romania and three other countries by 2026.

The financing will be used exclusively to support Faurecia's 2022-2026 investments in Morocco, Poland, Romania and Tunisia. These include R&D for electric vehicles and renewable energy generation through power purchase agreements (PPAs) in Poland and Romania, eligible under the Bank's Green Economy Transition (GET) approach.

The proceeds of the Bank's tranche will also finance growth capex in Faurecia's manufacturing sites in Romania, Morocco and Tunisia.

Faurecia, headquartered in France, is a global automotive Tier-1 supplier listed on Euronext Paris stock exchange.

andrei@romania-insider.com

(Photo source: Jonathan Weiss/Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

EBRD backs car parts maker Faurecia in four countries, including Romania

The European Bank for Reconstruction and Development (EBRD) confirmed it is investing up to EUR 80 mln in a six-year bond ESG issue by French auto parts maker Faurecia to back investments in Romania and three other countries by 2026.

The financing will be used exclusively to support Faurecia's 2022-2026 investments in Morocco, Poland, Romania and Tunisia. These include R&D for electric vehicles and renewable energy generation through power purchase agreements (PPAs) in Poland and Romania, eligible under the Bank's Green Economy Transition (GET) approach.

The proceeds of the Bank's tranche will also finance growth capex in Faurecia's manufacturing sites in Romania, Morocco and Tunisia.

Faurecia, headquartered in France, is a global automotive Tier-1 supplier listed on Euronext Paris stock exchange.

andrei@romania-insider.com

(Photo source: Jonathan Weiss/Dreamstime.com)

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