The Executive approved on Thursday, in a memorandum, the draft accord on the possibility of contracting a loan and/or a series of loans for development policies with the International Bank for Reconstruction and Development. The main areas of interes will be fiscal reform and the pension system reform, energy and transition to green economy. “Following the previous talks with IBRD, the first loan could be around 600 million euros, which will be decided while preparing the operation. The loan will be used to finance deficit and/or to refinance the public government debt and back the implementation of reform measures meant to ensure fiscal- budget sustainability. At the same time, the main areas of interest which may be the object of the Loan Program could be associated to objectives included in PNRR: fiscal reform and reform of the pension system, energy and transition to green economy,” the press release mentions. The Finance Ministry will carry out the necessary steps to request this financial assistance from IBRD, as well as crossing the other stages for contracting. “Loans granted by IBRD are competitive and more flexible than the other alternate financing instruments existing in the international market, contributing to limiting costs and extending the maturity of the public debt portfolio at an advantageous cost,” according to the press release.
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
Romania’s Social Democratic Party (PSD) has de facto frozen all major government reforms until it completes internal consultations on whether to remain in the ruling coalition, with a final decision expected at the end of January 2026. The party’s move is seen as an attempt to strengthen its negotiating position within the ruling coalition (for […]
Romanian president Nicușor Dan has invited prosecutors and judges to a meeting on December 22 to discuss concerns over the functioning of the judiciary, after almost 200 magistrates publicly alleged integrity problems within the system. In a message published on Facebook on December 11, Dan said the situation required urgent attention. “When...
Prime Batteries, the only local battery manufacturer and one of the few active in Europe, has established a joint venture with the South Korean company Top Material to produce active material, a key element in the production of batteries. The unit is in South Korea. Top Material is also a shareholder in Prime, with a […]
Franklin Templeton, the administrator of Fondul Proprietatea, has launched 16 Franklin Templeton Investment Funds (FTIF) on the iFonduri platform, expanding access to investment solutions for individual investors in Romania, according to Ziarul Financiar. The iFonduri platform, launched on Thursday, December...
Some companies in the BETPlus index are expected to deliver an average dividend yield of 3.6% in 2026, down from the 4.1% projected for a similar selection last year, according to an analysis by the TradeVille Analysis Department, Bursa.ro reported. The estimates are based...
