Dominic Fritz greenlights the recovery solution for Timișoara’s district heating company
The mayor of Timişoara, Dominic Fritz, presented, on Wednesday, the financial recovery plan for the local district heating company Colterm,…
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World Bank – pessimistic about the evolution of the Romanian economy in 2021
The Romanian economy would register an advance of 3.5% this year, after a contraction of 5% in 2020, so that…
World Bank forecasts a 5.7% contraction of the Romanian economy in 2020
The Romanian economy is expected to contract by 5.7% in 2020, but will rebound by 4.9% in 2021, according to…
IFC appoints new regional manager for Central and Southeast Europe
The International Finance Corporation (IFC), a member of the World Bank Group, has appointed Ary Naïm as its Regional Manager…
World Bank has promoted Romania in the category of countries with high per capita incomes
World Bank promoted Romania in the category of high-income countries, after incorporating the developments in 2019 (per capita income of…
Covid-19 support to Europe and Central Asia from World Bank tops $1.4 Billion
To date, the World Bank has committed more than $1.4 billion to help countries in Europe and Central Asia mitigate…
IMF predicts that Romania’s economy will shrink by 5% in 2020
The International Monetary Fund (IMF) has revised significantly the estimates of the evolution of the Romanian economy this year, in…
World Bank forecasts that Romania will register a growth of 0.3% in 2020
The World Bank has revised significantly the estimates of the Romanian economy’s advance this year, up to 0.3%, from 3.8%…
World Bank: Romania accesses 400 mln. euro to combat the socio-economic impact of the coronavirus pandemic
The Government of Romania has accessed the pre-approved financial assistance line of 400 million euro granted by the World Bank…
Romania, ranked 157th in power grid connection in the World Bank’s Doing Business ranking
Romania lost three places in the “Doing Business 2020” ranking, made by the World Bank, and dropped to position 55…
EU money for the Republic of Moldova to build power link with Romania
Following an initial €160 million loan provided by the EBRD and the European Investment Bank (EIB) in equal parts, the…
Micro-networks have the ability to supply electricity to half a billion people – WB
About 1.2 billion people will have to gain access to electricity in order to achieve universal access by 2030. The…
WB: Economic growth in Europe to decline to 2.1%
Economic growth in the Europe and Central Asia region slowed to 3.1% in 2018, and is projected to decline to…
World Bank cut the economic growth prospects for Romania in 2019 amid ‘darkening skies’ for global economy
In its annual assessment of global prospects the World Bank predicts continued, though somewhat slower, growth this year and next.…
World Bank calls on Poland to scale up renewable energy sources
Scaling up renewable energy sources in Poland would benefit the economy, improve people’s health, and reduce serious environmental problems –…
WB finances Romania’s emergency infrastructure with 50 mln. euro
The World Bank’s Board of Executive Directors approved 50 million euro ($60.48 million equivalent) for the Romania Strengthening Disaster Risk…
World Bank pulls plug on oil and gas
The World Bank has announced it will stop funding oil and gas projects from 2019. Annie Pickering, a campaigner at…
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