The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.

The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.

Thursday, 7 April 2011

200 million EUR subsidies for investments in renewable energies in Romania

Almost 50 companies that invest in renewable energy will receive subsidies totaling approximately EUR 200 M from the Environment Fund, Romanian Environment Minister Laszlo Borbely stated. Borbely added that each of the 49 companies with approved investment projects could receive the equivalent of EUR 7 M.

He added that in the future Romania will have to produce more energy from renewable sources although this measure entails “very high” costs since a significant part of the energy it currently consumes comes from coal.

The Minister added that he is a supporter of “safe” energy and the Cernavoda nuclear reactors project is not in the situation of “being canceled.” Nevertheless, there are a series of conditions having to do with higher security. “A decision to stop building nuclear power plants will probably not be taken but there will be higher restrictions and I, as Environment Minister, can state that I support those investments that do not entail any kind of danger for the environment,” Borbely added.

Source: Nine O'Clock

In case you are interested in investing or entering your products and services onto the renewable energy markets in Eastern Europe, please do not hesitate to contact our team at europa @ frdcenter.ro

Jackie Bojor
FRD Center Market Entry Services
www.market-entry.ro

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