The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new country strategy for Romania, which will guide the institution’s investments and cooperation policies in the country over the next five years. The strategy will focus on private sector competitiveness, economic resilience, and the transition to a green economy. The financial institution is a major investor in Romania, combining investments with support for reforms that improve the country’s business environment and mobilize investment from other sources. To date, the EBRD has invested over €12 billion in Romania’s economy. “Since joining the European Union in 2007, Romania has rapidly reduced historical income gaps compared to other regional states, with GDP per capita and labor productivity reaching nearly 80% of the EU average. Despite the broad economic slowdown in Europe caused by the COVID-19 pandemic and the war in Ukraine, Romania’s economy has proven resilient and contracted less than the EU average,” the statement notes. The new EBRD strategy aims to support Romania’s continued convergence with the EU while addressing remaining structural vulnerabilities. “Our new country strategy is an active response to Romania’s most pressing economic challenges. It provides a framework for targeted investments and policy engagement that can help the country overcome the immediate fiscal crisis and build a more sustainable and prosperous future,” said Victoria Zinchuk, EBRD Regional Director for Romania. EBRD is a multilateral bank that promotes private sector development and entrepreneurial initiative in 42 economies across three continents. The institution is owned by 77 countries, as well as the EU and the European Investment Bank. EBRD investments aim to transform economies in its regions into competitive, inclusive, well-governed, green, resilient, and integrated economies.
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 […]
