The president of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, is visiting Romania on March 20-21, where she will meet with a number of government officials and business representatives.According to a press release of the international financial institution, the visit of the EBRD President comes at a time when the institution is preparing new five-year strategies for Romania and Bulgaria, which will go into public consultation at the end of this year.EBRD investments in Bulgaria doubled last year, reaching 272 million euros, while in Romania they increased from 658 million euros to 707 million euros, the financial institution firmly supporting the transition to a green economy in both countries.In Romania, Odile Renaud-Basso will meet with prime minister Marcel Ciolacu, finance minister Tanczos Barna, energy minister Sebastian Burduja, as well as business representatives, diplomats and civil society representatives. Odile Renaud-Basso will be accompanied by the EBRD director for Romania, Victoria Zinchuk."The EBRD is a key partner and a major institutional investor in both Bulgaria and Romania. This visit underlines the EBRD's commitment to supporting economic development," said Odile Renaud-Basso, quoted in the press release.The EBRD is a major institutional investor in Romania, was the organization has invested over 11.6 billion euros in 560 projects. A significant share of its financing supports private sector development, sustainability and innovation.
More than 320 items, from the collections of the National Museum of Art of Romania (MNAR), various national and international museums, and private collections, will be included in the exhibition "Romania- Identity Representation of Traditional Dress in Art" ("România – reprezentarea identitară a portului popular în artă"). The exhibition, scheduled to open at MNAR on […]
The net profit of Banca Transilvania, Romania’s largest bank, at the end of September 2025, was RON 2.92 billion (EUR 574 million), 7.9% more than the same period in 2024, a dynamic mainly impacted by the increase of the banking tax, according to the results released on Monday, November 10. Banca Transilvania financed companies with RON 16 billion (EUR 3.15 billion), and the general population […]
Foreign minister Oana Ţoiu announced on Monday, November 10, that the Romanian Senate adopted a bill criminalizing the violation and circumvention of international sanctions against Russia. According to the new law, those who help individuals and companies on the sanctions list will no longer get away with a simple fine but will be held criminally […]
Romania has the 21st most expensive electricity in the world, according to a statistic compiled by the International Energy Agency (IEA), which compares electricity prices for households in 144 countries. Romania’s electricity is 70 times more expensive than the cheapest electricity in the world, which is sold to households in Iran, and 58 times cheaper […]
Radio România Muzical will broadcast, beginning November 13, eight recordings of the concerts conducted by Sergiu Celibidache in Romania. The initiative comes in a month that also sees the release of the biopic Yellow Tie, directed by the celebrated conductor’s son, and the launch of the volume Spațiul Celibidache (The Celibidache Space) by Stejărel Olaru. […]
Multinational consumer goods corporation Procter & Gamble will relocate its main Romanian headquarters to the business campus Yunity Park after signing a ten-year lease agreement with developer Genesis Property. The multinational will move to a space of approximately 7,000 sqm, located in Building E of the business campus, Genesis Property said. Genesis Property owns and […]
