BUCHAREST, April 13, 2022 – Today, World Bank Group President David Malpass met with President Klaus Iohannis of Romania. President Malpass commended Romania’s humanitarian support to Ukrainian refugees displaced by the Russian invasion. President Malpass noted that this year marks thirty years of partnership between the World Bank Group (WBG) and Romania, and reaffirmed the WBG’s commitment to continue supporting Romania’s development path, particularly focusing on human capital and supporting education. President Malpass and President Iohannis discussed the overlapping global crises affecting Romania and the world, including the Russian invasion of Ukraine, COVID-19, and rising food and energy prices. President Malpass detailed the WBG’s financial support for Ukraine and Moldova, including yesterday’s announcement of additional operations. President Malpass and President Iohannis also spoke about the energy sector in Romania and the importance of integrating climate and development goals as the country diversifies its energy mix. President Malpass noted that the World Bank plans to prepare a Country Climate and Development Report (CCDR) for Romania next year. President Malpass expressed his gratitude to President Iohannis for Romania’s commitment to contribute to IDA20. President Malpass highlighted the benefits of private sector-led growth, noting the importance of increased competition. President Malpass and President Iohannis also discussed Romania’s implementation of EU funding under the Recovery and Resilience Facility (RRF).
Timișoara will host the first football-themed film festival in Romania and Eastern Europe this November, marking a unique cultural initiative at the intersection of sport, cinema, and community identity, Agerpres reported. Organized by the Druckeria Supporters’ Association, the inaugural edition of the Timișoara...
The well-being of children in many of the world’s richest countries, including Romania, has deteriorated significantly since the COVID-19 pandemic, according to a new analysis released by UNICEF Innocenti – Global Office of Research and Foresight. The top three countries are the Netherlands, Denmark, and France, while Romania is at number 16 in the report, […]
Marius Lulea, vice president of the far-right Alliance for the Union of Romanians (AUR), publicly praised former Communist dictator Nicolae Ceaușescu, drawing condemnation from historians and legal experts for promoting a convicted criminal against humanity,
The Party of European Socialists (PES) and the Socialists and Democrats group in the European Parliament (S&D) stated on May 12 their firm position...
Romanian tissue and sanitary paper products producer Elfi announced investments of EUR 10 million in 2025 to expand production capacity. The project involves the construction of a new production hall and the installation of a state-of-the-art production line, which will allow the company to operate three production lines and double its current capacity. In 2024, […]
With the investment fund Accession Capital Partners and the private equity fund Invenio Partners as majority shareholders since the end of 2024, the Romanian coffee chop chain 5 to go targets the Southeastern European market, according to Profit.ro and
