Norway Gives 306 Million-Euro Grant to Romania for Clean Energy

Norway plans to give Romania a financial-assistance grant totaling 306 million euros ($381 million) through 2014 to increase the usage of clean energy in the country, the Bucharest-based Economy Ministry said.

The Balkan nation can use the money to finance projects that increase the competitiveness of companies in the renewable energy field and lower pollution levels, according to an e- mailed statement from the ministry today.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.