The finance minister Adrian Caciu and prime minister Nicolae Ciuca discussed on Thursday, April 14, with the delegation of the World Bank Group in Romania, led by President David R. Malpass, about the need to develop a bilateral partnership, in the context of the economic and social challenges posed by the crisis in Ukraine. "We are analyzing with great interest the possibility of relocating to Romania some companies from the Russian Federation, Belarus and Ukraine, and we want financial and logistical support from the World Bank. At the same time, we are determined to take all necessary measures for the active involvement of Romanian companies in the reconstruction of Ukraine," Adrian Caciu pointed out, according to Adevarul news paper. The minister of finance praised the quality and importance of the technical assistance provided by the World Bank in implementing the reforms undertaken under the National Recovery and Resilience Plan (PNRR), which offers many opportunities for development and growth through the implementation of reforms and investment projects. The representatives of the World Bank showed their readiness to support Romania in the process of joining the OECD, a vital step for consolidating its economic profile, with positive effects in generating new jobs and diversifying development opportunities.
The well-being of children in many of the world’s richest countries, including Romania, has deteriorated significantly since the COVID-19 pandemic, according to a new analysis released by UNICEF Innocenti – Global Office of Research and Foresight. The top three countries are the Netherlands, Denmark, and France, while Romania is at number 16 in the report, […]
Marius Lulea, vice president of the far-right Alliance for the Union of Romanians (AUR), publicly praised former Communist dictator Nicolae Ceaușescu, drawing condemnation from historians and legal experts for promoting a convicted criminal against humanity,
The Party of European Socialists (PES) and the Socialists and Democrats group in the European Parliament (S&D) stated on May 12 their firm position...
Romanian tissue and sanitary paper products producer Elfi announced investments of EUR 10 million in 2025 to expand production capacity. The project involves the construction of a new production hall and the installation of a state-of-the-art production line, which will allow the company to operate three production lines and double its current capacity. In 2024, […]
With the investment fund Accession Capital Partners and the private equity fund Invenio Partners as majority shareholders since the end of 2024, the Romanian coffee chop chain 5 to go targets the Southeastern European market, according to Profit.ro and
Romanian lithium-ion battery manufacturer Prime Batteries Technology, founded and controlled by Romanian entrepreneur Adrian Polec, has entered into a collaboration with Arrow Electronics and NXP Semiconductors to launch a next-generation battery energy storage system - BESS platform, according to
