WB

The Board of Executive Directors of the World Bank Group (GBM) approved on Thursday a development policy loan (DPL) for Romania, worth 599.1 million euros, with a double focus on economic and environmental sustainability. According…

Since 2020, European Union Member States have been confronted by a series of overlapping global crises from the COVID-19 pandemic to persistent cost-of-living increases, which have lowered disposable income, dampened confidence, triggered…

Romania is one of the countries most exposed to the risk of earthquakes in the European Union, and a possible repeat of the 1977 earthquake would cause economic damage in the order of tens of billions of euros, thousands of injured and…

Globally, extraction of raw materials stands at over 100 billion tons, annually. This staggering figure is driven by both the persistently high levels of material consumption in high-income countries and the rapidly growing needs in…

The ongoing war in Ukraine has dimmed prospects of a post-pandemic economic recovery for emerging and developing economies in the Europe and Central Asia region, says the World Bank’s Economic Update for the region, released today.…

Bucharest, Cluj-Napoca, Iasi, Timișoara, Craiova, Constanța, Galați, Brașov, Oradea and Ploiesti, lead the list of the most attractive cities in Romania, according to a World Bank report. The study reveals that a positive correlation is…

Economic activity in emerging and developing economies in Europe and Central Asia (ECA) is expected to grow 5.5 percent in 2021, fueled by a stronger-than-anticipated recovery in domestic demand as the region gained more widespread access…

Over 73% of the inhabitants of the Romanian cities are living in apartments and yet, there is no clear approach countrywide and locally on the regeneration of the districts of apartment buildings, reveals a report by the World Bank (WB).…

The protracted COVID-19 pandemic has seriously affected Romania’s economic activity and household incomes in the short-run, says the World Bank’s Human Capital Index. "A proactive but constrained fiscal response supported firms to retain…

The vast majority of Romanians believe the state should help, through special measures, the private companies financially affected by the coronavirus epidemic and that the EU membership can help Romania overcome this difficult period, says…