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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. 

 

IFC gives EUR 73 mln green loan to NEPI Rockcastle

International Financial Corporation (IFC), a member of the World Bank Group, has lent EUR 73.5 mln to NEPI Rockcastle, the largest mall owner in the Central and Eastern European region, for "environment projects" in Romania, according to Profit.ro.

The loan was extended to NE Property BV, a wholly-owned subsidiary of NEPI Rockcastle, and is aimed "to contribute to the construction of a strong business infrastructure for environmental projects in Romania," subsequently attracting an economic growth of low carbon activities.

The loan is funded by the USD 2 bln Real Sector Crisis Response Facility, part of the USD 8 bln larger IFC facility dedicated to fast financing provided in the context of COVID-19 (Fast-Track Financing Facility) to support those private companies affected by the economic problems caused by COVID-19.

"NEPI Rockcastle continues to focus on investing in clean and sustainable business. This 'green' loan comes to reconfirm our commitment to promoting sustainable practices, through the commitment to allocate funds on eligible green projects carried out in Romania, as defined in our Green Financing Framework," says Mirela Covaşă, CFO NEPI Rockcastle.

andrei@romania-insider.com

(Photo source: Nepirockcastle.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. 

 

IFC gives EUR 73 mln green loan to NEPI Rockcastle

International Financial Corporation (IFC), a member of the World Bank Group, has lent EUR 73.5 mln to NEPI Rockcastle, the largest mall owner in the Central and Eastern European region, for "environment projects" in Romania, according to Profit.ro.

The loan was extended to NE Property BV, a wholly-owned subsidiary of NEPI Rockcastle, and is aimed "to contribute to the construction of a strong business infrastructure for environmental projects in Romania," subsequently attracting an economic growth of low carbon activities.

The loan is funded by the USD 2 bln Real Sector Crisis Response Facility, part of the USD 8 bln larger IFC facility dedicated to fast financing provided in the context of COVID-19 (Fast-Track Financing Facility) to support those private companies affected by the economic problems caused by COVID-19.

"NEPI Rockcastle continues to focus on investing in clean and sustainable business. This 'green' loan comes to reconfirm our commitment to promoting sustainable practices, through the commitment to allocate funds on eligible green projects carried out in Romania, as defined in our Green Financing Framework," says Mirela Covaşă, CFO NEPI Rockcastle.

andrei@romania-insider.com

(Photo source: Nepirockcastle.com)

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