The Government approved on Friday a draft law for the ratification of the loan agreement between Romania and the International Bank for Reconstruction and Development, worth 591.9 million euros.It is about the second programmatic loan for development policies for green and inclusive growth, informs the Government, through a press release."The loan agreement related to the second financing for development policies for green and inclusive growth between Romania and the International Bank for Reconstruction and Development has a value of 591.9 million euros and was signed in Bucharest on July 17, 2023. The loan is granted for a period of 12 years, of which a 5-year grace period, the repayment to be made in equal half-yearly installments, after the grace period (the repayment period being 2028-2035)," the cited source mentions.According to the statement of reasons for the project, through a memorandum from 2022, the Government and the President of Romania approved the negotiation and signing of the loan agreement related to the first programmatic financing for development policies for green and inclusive growth between Romania and the IBRD, as well as the agreement in principle for contracting the second loan, worth 500 million US dollars. The first financing, in the amount of 600 million euros, was made available by the financier during December 2022. During the preparation of the second loan, the bank expressed its willingness to increase the amount up to 650 million dollars.
Leventer Medical Group announced the official opening of the private Băneasa Tumor Center Hospital, a project dedicated to the integrated treatment of tumor pathologies, on Thursday, February 12, after an investment of EUR 30 million. The hospital located in the myhive Victoria Park in the north of Bucharest was designed and built over 4 years. […]
A 51-year-old woman died after an electric car caught fire on Friday, February 13, in Bucharest’s District 6. The driver of the car, a 56-year-old man, was reportedly transported with injuries to the Bagdasar Arseni Hospital. According to initial information, the fire spread to several vehicles. "Upon the arrival of the first crews, the fire […]
The famous “Gate of the Kiss” made by Constantin Brâncuși was recreated in Bucharest as part of the “You are Brâncuși!” project to mark 150 years since the sculptor's birth. The project is a collaboration between the Constantin Brâncuși Research, Documentation and Promotion Center in Târgu Jiu and auction house Artmark, which hosts the recreated […]
Legendary theater director Eugenio Barba, founder of Odin Teatret and a pioneer of anthropological theater, will start the international “Iconic Personalities” programme at Grivița 53 Theater in Bucharest with a special two-week residency between March 7 and 22. Marking his 90th birthday, Barba chose the newly established Bucharest theater over long-standing partner venues across Europe […]
Romanian energy company OMV Petrom (BVB: SNP) will build a photovoltaic park at the Petrobrazi refinery. With an installed capacity of approximately 7 MW, the park will supply renewable electricity for the refinery’s internal consumption. “Installing the photovoltaic park within the refinery helps us cover part of the internal electricity consumption from renewable sources. It […]
Bucharest mayor Ciprian Ciucu, elected in December 2025 after former mayor Nicusor Dan became president of Romania, adopted a 4-month-old cat named Cathy as a mascot for the City Hall. The young kitten was found on the street with a pelvic fracture after being hit by a car. She was taken to a veterinary clinic, […]
