09.25.2014

World Class Romania, the country’s largest fitness chain, saw revenue go up by 44% in the first nine months of this year. A similar increase was registered in terms of the number of members. more

07.29.2014

The World Bank will provide technical assistance to Romania’s Financial Supervisory Authority (ASF), based on a memorandum signed Tuesday. more

06.17.2014

Romania’s Finance Ministry has borrowed EUR1 billion from the International Bank for Reconstruction and Development to finance fiscal policies and healthcare projects, the ministry said in a more

06.12.2014

Polish private equity fund Resource Partners, which controls fitness center network World Class, plans to reach 25-30 units in the next four years, from the current 11, and targets expansion outside more

06.11.2014

The World Bank has revised upward its forecast on Romanian economic growth to 2.8% in 2014 and 3.2% in 2015, the bank said in its latest global economic prospects report. more

05.23.2014

The Board of Directors of the World Bank Group has approved a EUR750 million budget support loan (DPL) for Romania, which targets the modernization of public expenditures and improvement in the more

04.04.2014

Romania needs to stimulate its economic growth to reach rates of 5% to 6% a year in order to converge with the living standards of the European Union. It also needs to continue structural reforms in more

03.31.2014

The World Bank will extend a credit line to Romania for development projects of EUR1 billion a year for the period 2014-2017, based on a new partnership strategy to be approved by the bank's board on more

03.28.2014

The World Bank’s Board of Executive Directors approved Friday a $338.8 million loan to Romania to improve the country’s healthcare infrastructure, the bank said in a statement. more

03.04.2014

Poland’s fund Resource Partners, specialized in private equity investments in Central and Eastern Europe, negotiated for 5 months with Sweden’s World Class on the takeover of the 71% stake the more

03.03.2014

World Class Romania, which operates 11 fitness centers in Bucharest, Timisoara and Cluj Napoca, will enter the portfolio of Polish fund Resource Partners, specialized in private equity investments in more

02.21.2014

Romanians pay the highest social security contributions in the Central and Eastern Europe, a report from the World Bank showed Friday. more

02.11.2014

International Finance Corporation (IFC), the World Bank’s investment arm, will acquire a stake in Romanian information systems integration company Teamnet, according to an announcement posted on the more

01.15.2014

The World Bank estimates the Romanian economy will grow by 2.5% in 2014, after a similar increase last year, according to the institution’s latest Global Economic Prospects report, released more

11.20.2013

A company in Romania makes 39 payments to the state each year as taxes and contributions, triple compared to the EU average, for which it wastes 200, and the bulk of the fiscal burden lays on labor, more

11.05.2013

Romania has asked for a new EUR1 billion development policy loan from the World Bank, part of a larger EUR4 billion program aimed at financing the country’s budget deficit, Finance Minister Daniel more

11.04.2013

The three major rating agencies Standard & Poor’s (S&P), Moody’s and Fitch have not improved their assessment of Romania’s country risk, despite the fact that the country has been praised as more

10.29.2013

Romania fell one spot and is ranked 73rd in the World Bank’s Doing Business 2014 report, which analyzes the ease of running a business in 189 countries. more

10.23.2013

Romania drew Wednesday EUR700 million of its EUR1 billion loan signed with the World Bank Group in 2012, Minister-delegate for Budget Liviu Voinea said in a statement. more

10.03.2013

Romania will receive $3.6 billion in remittances from Romanians working abroad, similar to last year’s estimate and much lower than the remittance flows received before the crisis, according to a more

09.04.2013

Romania climbed two places to 76th in a global competitiveness ranking released by the World Economic Forum on Wednesday. more

06.28.2013

Romania’s EUR20 billion rescue package is now eating into the funding that should have gone to highways, railways and hospitals. The central bank and the Finance Ministry got an actual amount of more

06.23.2013

Justin Darlington proved once again that he is the best dunker in the world, crushing any competition at the World King of Dunk, a contest held in Bucharest, Romania, at 3x3 EuroTour Wizz Air Sport more

06.13.2013

The World Bank forecasts Romania’s gross domestic product will increase 1.7% in 2013, followed by a 2.2% growth next year, according to the bank’s Global Economic Prospects report published more

06.10.2013

The agriculture sector, which generates 6% to 7% of Romania's gross domestic product, has a density of only 20 tractors per 1,000 farmers. This is seventy times lower than France, the European more