Romania will keep the macroeconomic balance and commitment to continue the reforms assumed through the National Recovery and Resilience Plan (PNRR) and the Multiannual Financial Framework 2021 – 2027, substantial European funds which will contribute to investments with significant multiplying effects, said the Romanian delegation, led by the minister of finances, Marcel Bolos, at the spring reunions of the IMF and WB in Washington.According to a post on the Facebook page of the ministry of finance, the agenda included on Wednesday, the first day of the visit, working meetings with Antonella Bassani, vice-chair for Europe and Central Asia in the World Bank (together with her technical team) and Eugene Ruggenaath, executive manager of the Dutch Constitution of the World Bank.The WB representatives offered insurance that they will accelerate the process of contracting for loans of approximately one billion euro for development policies which aim at green and inclusive growth (Development Policy Financing/Loan – DPF/DPL) and Catastrophic Deferred Drawdown Option – CAT-DDO). ‘Given the importance of the loans for development policies in the promotion of reform measures, we are grateful for the remarkable support in the implementation and successfully finalization of the two operations for green growth and favourable to inclusion in 2022 and 2023’ stated minister Marcel Bolos.The Romanian party mentioned that Romania will keep the macroeconomic balance and firm commitment to continue the reforms assumed through the PNRR 2021 – 2027, substantial European funds which will contribute to investments with significant multiplying effects. The Romanian officials said that the continuous support of the Bank is necessary for complementary financing, so that all these opportunities be put to value, the post shows.The Romanian Finance Minister also told World Bank officials that he continues to rely on International Finance Corporation (IFC) support for private investment in Romania by identifying new financing opportunities to help bridge infrastructure gaps in transport, renewable energy, waste and water treatment. To this end, he invited the World Bank's technical teams in Romania to collaborate with the MF team. ‘We keep our commitment to promote macroeconomic stability and we are firmly committed in an ample reform process, which have as a result the growth of the Romanian economy and the support of a new sustainable, just and inclusive development framework’ said Marcel Bolos.Similarly, IFC wants to actively participate in the support of the implementation in the priority projects of public-private partnership (PPP) in the domain of health (Timisoara, Ploiesti) or the management of waste/circular economy (Brasov,Constanta).The spring reunions of the IMF and WB take place between 15 and 20 April 2024. Among the themes approaches in the reunions, there are world economic perspectives, poverty eradication, economic development.Relative to the size of IFC's exposure in the region, Romania ranks first in IFC's portfolio and in the top 10 countries in the world, with a portfolio of $2.1 billion, representing the 10th largest exposure globally, with over $7 billion invested in various sectors since 1991.
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
