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. 

 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

 

BSE

 

 

Romanian industrial group Teraplast gets “green” loan for EUR 12.7 mln project

Romanian construction materials producer Teraplast (TRP) secured financing to develop a biodegradable film production capacity under a EUR 12.7 mln greenfield project.

The primary raw materials for this unit are polylactic acid and potato starch, which fall into the category of renewable raw materials - activity based on renewable raw materials, according to the EU taxonomy.

Banca Comerciala Romana (BCR) extended a “green” financing package, including a EUR 6.9 mln seven-year loan and a EUR 5.8 mln bridge loan for the period until a state aid with the same size will be disbursed.

For this investment, the TeraPlast Group has set up a new company, TeraBio Pack SRL, and the factory will be operational in the third quarter of this year. This unit will serve the Romanian market but also European markets.

andrei@romania-insider.com

(Photo source: the company)

Normal
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. 

 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

 

BSE

 

 

Romanian industrial group Teraplast gets “green” loan for EUR 12.7 mln project

Romanian construction materials producer Teraplast (TRP) secured financing to develop a biodegradable film production capacity under a EUR 12.7 mln greenfield project.

The primary raw materials for this unit are polylactic acid and potato starch, which fall into the category of renewable raw materials - activity based on renewable raw materials, according to the EU taxonomy.

Banca Comerciala Romana (BCR) extended a “green” financing package, including a EUR 6.9 mln seven-year loan and a EUR 5.8 mln bridge loan for the period until a state aid with the same size will be disbursed.

For this investment, the TeraPlast Group has set up a new company, TeraBio Pack SRL, and the factory will be operational in the third quarter of this year. This unit will serve the Romanian market but also European markets.

andrei@romania-insider.com

(Photo source: the company)

Normal
 

facebooktwitterlinkedin

1

Romania Insider Free Newsletters