The Government approved on Thursday a memorandum on taking from the International Bank for Reconstruction and Development (IBRD) a loan for development policies regarding disaster risk management, with the option of postponing the drawing until a catastrophe occurs (CAT-DDO).According to a press release from the Executive, the memorandum proposes that the Ministry of Finance start the formalities for contracting this loan, with the option of postponing the drawing until a catastrophe occurs."Romania is a country with great vulnerability to the occurrence of natural and technological disasters, according to the Ro-Risk report, and the IBRD has expressed its willingness to support our country by granting such a loan. This type of loan allows the borrower immediate access to liquidity, in the event of a disaster, the drawing period is three years and can be renewed four more times, but not more than 15 years in total, and has a revolving character, in the sense that, at the request of the borrower, the amounts that are repaid can become available for withdrawal again, provided that the loan is in the withdrawal period", states the cited source.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
