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Tag Archives: World Bank

EU social policies in Romania need upgrade in step with new technologies, WB says

Labor, taxation and social welfare policies in the European Union must be upgraded to protect vulnerable workers and tackle rising inequality brought about by rapidly changing labor markets and new technologies, says a new World Bank report, Towards a New ...

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World Bank to grant Romania EUR 50m loan to improve disaster risk management

The World Bank has approved a EUR 50 million funding for the Disaster Risk Management Consolidation Project, which will improve the resilience of emergency and disaster response infrastructure of fire and emergency buildings, a statement released by the institution has ...

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WB grants Romania EUR 400 M to tackle natural disasters and climate change

The World Bank’s Board of Executive Directors approved a EUR 400 million (USD 493.06 million) Disaster Risk Management Development Policy Loan for Romania, which includes a Catastrophe Deferred Drawdown Option (CAT DDO). This loan will help support Romania’s efforts to ...

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Germany, Italy and Hungary, the main import sources for Romania

Germany, Italy and Hungary have been the main three sources of imports of Romania in 2016, with 38.27% of the total imports came from these countries, reads a study by World Integrated Trade Solutions, a platform of the World Bank ...

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FinMin confirms opt-out of WB deal on Comarnic-Brasov highway

Romanian Finance Minister, Eugen Teodorovici, has confirmed that Government had dropped out the deal with the World Bank (WB) for the completion of the Comarnic-Brasov highway section, arguing that the source of financing in a project is not relevant. “In ...

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President: The functional illiteracy is also reflected in politics, taunts PM for 20 20 blunder

President Klaus Iohannis has stated that the national functional illiteracy percentage of 42% is also reflected „at the highest level of the Romanian politics”, while attending the launching event of World Development Report: „Learning to Realize Education’s Promise”, organized by ...

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FinMin Teodorovici tells IMF, WB in Washington economy is on the right track, budget deficit will meet the 3pc threshold

Minister of Public Finance, Eugen Teodorovici, met the International Monetary Fund (IMF) representatives and reiterated Romania’s commitment to keep the budget deficit below 3%. Teodorovici had at a meeting with IMF director for Europe, Poul Thomsen, in Washington D.C., vowing ...

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Giant project in Bucharest’s poorest district: WB to support the construction of 40,000 apartments and a technology park

The World Bank Office in Romania and District 5 City Hall of the Municipality of Bucharest signed today a reimbursable advisory service (RAS) agreement – a form of technical assistance – to support the implementation of urban development solutions that ...

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