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).
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]
The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]
A moose has been unexpectedly spotted in the Hunedoara county area, specialists from the conservation group Rewilding Romania announced on Wednesday, December 10, sharing footage of the animal on social media. The sighting is considered “an important discovery for Romania’s wildlife,” though experts caution that it remains unclear how the animal reached this region. According […]
