World Bank Group President David Malpass will arrive in Bucharest on Wednesday, April 13, 2022, for a two-day visit. This will be Mr. Malpass’ first trip to Romania as World Bank Group President. The visit reaffirms the World Bank Group’s commitment to partnering with Romania in support of sustainable economic growth and shared prosperity. “The World Bank Group has a strong partnership with Romania. We are committed to support further progress in Romania toward growth that builds on macroeconomic stability, inclusion, and strong institutions,” said World Bank Group President David Malpass. “In these turbulent times in the region, we are ready to support Romania as it hosts refugees fleeing from Ukraine and work with the authorities to improve living standards for all Romanians.” During his trip, David Malpass will meet with the authorities and partners of the World Bank Group in Romania. Mr. Malpass will have the opportunity to visit a World Bank-supported project in the education sector with a focus on supporting the Roma population. Joining Mr. Malpass on his visit will be Anna Bjerde, World Bank Vice President for Europe and Central Asia, Gallina A. Vincelette, World Bank Country Director for the European Union, and Ary Naim, IFC Regional Manager, Central and Southeast Europe. The World Bank’s active portfolio in Romania is composed of 9 investment projects totaling US$1.78 billion, and Advisory Services and Analytics tasks amounting to US$124.62 million. As of February 15, IFC's committed portfolio was $1.04 billion in over 30 projects, of which 55 percent represented investments in financial institutions, and the remaining 45 percent in the real sector. IFC’s outstanding portfolio stands at $954.48 million and its committed own account portfolio in Romania ranks 1st in the newly created IFC Europe region.
Prime minister Ilie Bolojan will travel to Vienna on December 3-4 for an official visit mainly focused on energy cooperation and strengthening bilateral ties. The visit takes place at the invitation of Austria’s federal chancellor, Christian Stocker, according to the official announcement from...
Nhood, an integrated real estate services and solutions company present in 10 European countries, including Romania, has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. With nearly 20 years of experience in the real estate sector, Mihaela brings robust expertise in property management and leasing, operational […]
“Catane,” a dark comedy inspired by real events and directed by Ioana Mischie, is set to have its first special screenings in Romania after a successful festival circuit. The film had its world premiere at the IFFI Goa festival in India and was nominated this year at the Hollywood Music in Media Awards for Best […]
Romania is among the European countries where water reserves are decreasing at an alarming rate, according to an analysis carried out by researchers from University College London in collaboration with The Guardian and Watershed Investigations. Scientists analyzed data from the period 2002–2024 provided by satellites that monitor changes in the Earth's...
George Smyth, 18, went missing on a hike near Romania’s famous Bran Castle more than a week ago. On November 23, the British citizen started to suffer from hypothermia and exhaustion and called the emergency services. Trying to locate him, mountain rescue services conducted searches over the next few days but were only able to […]
Over 107,000 people in Prahova and Dâmbovița counties, in southern Romania, have been without drinking water since Friday, November 28, due to problems at the Paltinu Dam. According to local authorities, the problems are set to persist until next week. The dam registered a drop in water levels, leading to problems in the water distribution system. […]
