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.
Art Safari brings the festive season joy to the Dacia-România Palace in downtown Bucharest during its Christmas edition this month. Organised in partnership with the Romanian Cultural Institute, the event awaits visitors from December 6 to 22 with a program of exhibitions, puppet and theatre shows, carol concerts, and creative workshops for children. A highlight […]
The Nutcracker and I, a multimedia performance for piano solo created by pianist Alexandra Dariescu, is performed in Bucharest on December 19. Dariescu created and produced the show, described as The Nutcracker for the 21st century, "out of a personal responsibility to reach out to younger audiences and build bridges for those perhaps new to classical […]
Diviodent, one of the leading suppliers of professional solutions for dental offices and dental care in Romania, announces an exclusive partnership with Promis, a recently launched Italian brand of oral hygiene products. Diviodent expands its portfolio with a unique range of oral hygiene products containing 99% natural, vegan ingredients, organic essential oils, and 100% recyclable […]
Răzvan Nedu, Adriana Tofan, and Liviu Matei, three Romanian athletes with disabilities, reached the peak of Mount Kilimanjaro (5,895 m) on December 1 - Romania's National Day. The performance athletes, two with severe visual impairments and one with a physical disability, have thus shown that nothing is impossible when you train seriously and believe in […]
A person with dual citizenship, Romanian and Israeli, held hostage in the Gaza Strip was confirmed dead by the Israeli authorities, the Romanian Ministry of Foreign Affairs (MAE) announced on December 2, without revealing further details. Three other Romanian-Israeli citizens are still being held hostage. In this context, the MAE reiterated in its press release […]
Groupe Atlantic, the French company active in the heating-ventilation-air-conditioning (HVAC) industry, is to open a plant in Romania, in the PWP Bucharest North industrial park in Prahova county. The factory will produce electrical water heaters and hot water cylinders for domestic use under several Groupe Atlantic brands. The new site will receive an investment of […]