The EBRD and KfW IPEX-Bank are supporting the electric car industry by providing a 135 million euros loan for a new plant in central Poland run by Johnson Matthey.
The European Commission approved Hungary's 46.5 million euros investment aid to the chemical company Toray for a new battery separator film plant.
OMV Petrom and Eldrive will install 30 fast-charging stations for electric vehicles in OMV branded filling stations in Romania and Bulgaria.
MVM Group acquired 100 % ownership of the Hungarian subsidiary of the German energy company Enexio, together with its two Chinese subsidiaries, aiming to become an active player in the Chinese energy market.
Investments in RES in the EU reached 66% in the first half of 2020. Hungary is stepping up green bond issuance to mobilise additional funds and the Caucasus in interested in increasing its share of RES. However, funds must support the right priorities.
Sonya Twohig has been appointed the new Secretary-General of ENTSO-E, the European Network of Transmission System Operators for Electricity.