05.17.2013

Romanian lender Banca Transilvania (TLV.RO) raised EUR29.4 million in a convertible bond sale, after International Finance Corporation subscribed bonds worth EUR18.9 million in the second stage of the more

05.14.2013

Romania has been Europe’s top investor in public sector projects in terms of GDP share over the past 10 years, but its investment-to-performance ratio is far from satisfactory, a senior economist more

05.10.2013

Despite good progress, Romania remains the country with the highest poverty levels in the European Union, and more than 30% of the population lives on less than $5 per day, said World Bank President more

05.08.2013

World Bank Group President Jim Yong Kim will visit Romania on May 9 and 10, his first visit to the country since becoming president in July 2012, the institution said in a press release Wednesday. more

04.28.2013

The World Bank has approved a EUR70 million modernization project for Romania’s tax authority ANAF, the institution said in a statement. more

02.05.2013

The World Bank has appointed of Mamta Murthi, as Country Director for Central Europe and the Baltic Countries in the bank’s Europe and Central Asia region, effective as of February 1, 2013, the more

01.17.2013

The World Bank last week has made EUR1 billion in credit available to Romania as per an agreement signed in the summer of 2012, said Francois Rantrua, World Bank country manager for Romania and more

01.16.2013

The World Bank has revised downward its forecast on Romanian economic growth to 1.6% in 2013 from its previous estimate of 2.8%. more

10.23.2012

Romania has kept its 72nd position among 185 countries in the World Bank’s Doing Business 2013 report, after falling seven places in last year’s report. more

09.03.2012

In Romania, in order to connect to the electricity distribution system, an entrepreneur with a warehouse located in Bucharest has to wait 223 days, according to the World Bank's survey on how easy is more

07.16.2012

Mircea Mihailescu, majority shareholder of Transport Trade Services (TTS), in which the investment division of the World Bank recently became a shareholder through a EUR12 million investment, has more

07.12.2012

The private equity investment in Romanian Transport Trade Services (TTS) by International Finance Corporation - the investment division of the World Bank – brings to light the value of the local more

06.25.2012

Romania needs to consider local problems and its economy's low competitiveness when it applies for funds in the 2014-2020 EU financial period, said Arabela Aprahamian, World Bank country manager. more

06.15.2012

The Romanian Government ought to tackle all challenges involving the country's public administration if it wants to achieve success in the medium term, because the delay of long-overdue reforms has more

06.15.2012

The EUR1-billion credit line for Romania approved on Tuesday by the World Bank (WB) is the first loan of this kind that a European country takes out, and will consolidate the liquidity reserve of the more

06.12.2012

The World Bank has revised downward its forecast on Romanian economic growth to 1.2% in 2012 from 1.5% previously, warning developing countries to "prepare for a long period of volatility in the more

06.12.2012

The World Bank's Board of Executive Directors on Tuesday approved a EUR1 billion precautionary loan for Romania, the Finance Ministry informs. more

06.11.2012

The World Bank has scheduled for Tuesday the meeting of the Board which will discuss granting the EUR1 billion loan to Romania, Stefan Nanu, Romania’s representative at the international financial more

05.16.2012

The Romanian government approved taking a EUR1 billion precautionary loan from the World Bank to be used in case of emergency, Prime Minister Victor Ponta said Wednesday. more

05.15.2012

Romanian government Wednesday will approve taking a EUR1 billion precautionary loan from the World Bank to be used in case of emergency, Prime Minister Victor Ponta said. more

05.07.2012

The World Bank is sending out a strong message to the international energy giants, which arrived in Romania via privatization processes, asking them to commit to significant investments and not just more

05.06.2012

Keeping social security fund and pension deficits at their current levels is crucial for the upcoming period, Romanian President Traian Basescu said Sunday in a meeting with International Monetary more

04.20.2012

The Romanian Transport Ministry will receive EUR4.5 million to carry out a two-year program targeting to improve the institution’s capacity to manage public-private partnership projects, Transport more

04.18.2012

Romania wants a new safety net from the World Bank – a EUR1 billion line of credit that would allow the Finance Ministry to cover financing needs if turmoil intensifies on the financial markets. more

04.09.2012

Romania’s tax authority ANAF will undergo a large reorganization process aimed to eliminate redundant operations and cut through the red tape, Finance Ministry Bogdan Dragoi said Monday. more