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.
A street in Bucharest’s District 3 has been closed to traffic after the state-owned gas network operator Transgaz warned that it had been built over natural gas pipelines in violation of safety standards. Brățării Street was allegedly built by the District 3 City Hall in the area without proper measures in place. Vehicular traffic over […]
Paysera is strengthening its position in Romania by targeting a gap long overlooked by traditional banks: affordable, fully digital financial services for small and medium-sized businesses. In an interview with Romania Insider, Daniel Turbatu, Country Manager of Paysera Romania, says the company’s biggest advantage remains its free business account, which can be opened entirely online […]
DN Agrar Group (BVB: DN), one of the leading integrated agrifood companies in Romania and the largest dairy milk producer in Europe, reported record results for the first nine months of 2025. The company achieved a turnover of RON 158 million, a 25% increase year-on-year, while net profit doubled to RON 43 million, backed by […]
Presidential adviser Ludovic Orban is leaving his position after just six weeks in office, following a mutual agreement with president Nicușor Dan to end their collaboration, the Presidential Administration announced on Tuesday, November 18, as reported by Agerpres. Orban, a former prime...
Yellow Fresh Fruits has quickly emerged as one of Romania’s most dynamic fresh fruit importers, reshaping a market where consistency and speed increasingly define competitiveness. In an interview with Romania Insider, Fryderyk Schiller, COO of Yellow Fresh Fruits, outlines how the company expanded from its Polish origins to operating advanced ripening centers in Timișoara, Bucharest, […]
The design phase for the most difficult section of the A8 highway, namely Lot 2B Grinţieş-Pipirig, has begun, according to a statement given by Romanian transport minister Ciprian Şerban on Monday, November 18. The contract for the section, valued at RON 5.97 billion (EUR 1.17 billion), was signed at the end of October. In total, […]
