The Government approved on Thursday a memorandum on taking from the International Bank for Reconstruction and Development (IBRD) a loan for development policies regarding disaster risk management, with the option of postponing the drawing until a catastrophe occurs (CAT-DDO).According to a press release from the Executive, the memorandum proposes that the Ministry of Finance start the formalities for contracting this loan, with the option of postponing the drawing until a catastrophe occurs."Romania is a country with great vulnerability to the occurrence of natural and technological disasters, according to the Ro-Risk report, and the IBRD has expressed its willingness to support our country by granting such a loan. This type of loan allows the borrower immediate access to liquidity, in the event of a disaster, the drawing period is three years and can be renewed four more times, but not more than 15 years in total, and has a revolving character, in the sense that, at the request of the borrower, the amounts that are repaid can become available for withdrawal again, provided that the loan is in the withdrawal period", states the cited source.
Warner Bros. Discovery announced a new partnership with Edenred Romania, allowing users of the Edenred Benefit platform to subscribe to HBO Max directly through their employee benefits account. The collaboration aims to make premium entertainment more accessible to employees across Romania, the companies said. Starting October 10, Edenred Benefit users...
This year’s pilgrimage occasioned by the feast of Saint Dimitrie the New, Protector of Bucharest, will take place from October 19 to 29. The event is one of the most significant for the Romanian Orthodox Church in the capital. The faithful will be able to venerate, aside from the Holy Relics of Saint Dimitrie the […]
Classic Unlimited, the well-known organizer of classical music concerts in Romania, announced the launch of a new series of events dedicated to babies, pregnant women, and families, named Classic for Babies. Concerts with interactive sessions will take place in Cluj-Napoca (November 9), Sibiu (November 3), and Târgu Mureș (November 7), with two sessions per day, […]
More than one in three children in Romania, roughly 1.25 million, live in poverty, and the percentage rises dramatically to 75.8% for those whose parents have a low level of education, according to 2024 Eurostat data cited by Save the Children Romania. Children in rural areas face a much higher risk of poverty or social […]
Wizz Air has expanded its base at Timișoara International Airport, in western Romania, by adding a third aircraft and launching five new routes this month. The expansion marks another milestone for the carrier, which has transported more than nine million passengers to and from Timișoara since beginning operations there in 2008. Starting this week, passengers […]
Tech giant Apple announced a major expansion of its clean energy projects across Europe with new large-scale solar and wind farms under development in Romania, Greece, Italy, Latvia, and Poland. The local project is located in Galați County. Together with a newly operational solar array in Spain, the projects announced on Tuesday, October 14, will...
