Romania's long-standing partnership with the World Bank Group continues to play an important role, especially in the current geopolitical context, which requires constant efforts for an efficient mobilisation of available resources and assistance.The latest developments in the relationship between the two entities, including the release in October 2024 of the Country Partnership Framework 2025-2029, were analysed during a meeting on Monday of the Minister of Finance, Tanczos Barna, Executive Director of the World Bank Eugene Rhuggenaath, and Country Manager for Romania Yasser El-Gammal.During the discussions, the Tanczos voiced appreciation for the constant support that the organisations of the World Bank Group grant it in promoting reforms and investments essential for Romania's development. At the same time, he said that securing balances is a key priority for strengthening resilience and increasing competitiveness, requiring sustained and coordinated efforts from the authorities."In the current difficult economic and geopolitical context, it is important to take full advantage of the new governance framework and implement it in a way as to ensure sustainable economic growth, as well as the implementation of the necessary reforms and investments. We assured the World Bank team that the 2025 budget reflects this approach and aims to comply with the commitments in the budgetary-structural plan in the medium term. We have committed to reducing the deficit to 7% in 2025 and we have built a budget that provides for record investment, with Romania continuing to be at the top of the EU states, in terms of the level of public investment - reaching 7.8% of GDP. I am convinced that the solid partnership between Romania and the World Bank will continue to help us in the process of economic development," said Tanczos.According to the Romanian Finance Ministry, the World Bank Group's flexibility and ability to react quickly to respond to specific needs is reflected in a balanced manner in the current Country Partnership Framework. It will allow, through the variety of support opportunities offered (both financially and through technical assistance), supporting Romania's priority reforms and investments, rounding up the activity of other development partners.+
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
