Romania's long-standing partnership with the World Bank Group continues to play an important role, especially in the current geopolitical context, which requires constant efforts for an efficient mobilisation of available resources and assistance.The latest developments in the relationship between the two entities, including the release in October 2024 of the Country Partnership Framework 2025-2029, were analysed during a meeting on Monday of the Minister of Finance, Tanczos Barna, Executive Director of the World Bank Eugene Rhuggenaath, and Country Manager for Romania Yasser El-Gammal.During the discussions, the Tanczos voiced appreciation for the constant support that the organisations of the World Bank Group grant it in promoting reforms and investments essential for Romania's development. At the same time, he said that securing balances is a key priority for strengthening resilience and increasing competitiveness, requiring sustained and coordinated efforts from the authorities."In the current difficult economic and geopolitical context, it is important to take full advantage of the new governance framework and implement it in a way as to ensure sustainable economic growth, as well as the implementation of the necessary reforms and investments. We assured the World Bank team that the 2025 budget reflects this approach and aims to comply with the commitments in the budgetary-structural plan in the medium term. We have committed to reducing the deficit to 7% in 2025 and we have built a budget that provides for record investment, with Romania continuing to be at the top of the EU states, in terms of the level of public investment - reaching 7.8% of GDP. I am convinced that the solid partnership between Romania and the World Bank will continue to help us in the process of economic development," said Tanczos.According to the Romanian Finance Ministry, the World Bank Group's flexibility and ability to react quickly to respond to specific needs is reflected in a balanced manner in the current Country Partnership Framework. It will allow, through the variety of support opportunities offered (both financially and through technical assistance), supporting Romania's priority reforms and investments, rounding up the activity of other development partners.+
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
