The World Bank Group Board of Executive Directors today approved a Development Policy Loan (DPL) for Romania in the amount of EUR 599.1 million with a dual focus on economic and environmental sustainability, the World Bank reported on Thursday.The Romania Fiscal Management and Green Growth DPL is said to enable reforms to strengthen the country's fiscal framework, foster green and inclusive growth, and stimulate private-sector investment."Through this loan, the World Bank supports Romania's fiscal consolidation, strengthens fiscal sustainability, and increases equity of the pensions system; introduces incentives to support the decarbonization of the transport sector, where greenhouse gas emissions continue to rise; and supports the issuance of the first green bond in Romania to boost public investment," the bank says in a press statement released on Thursday.The loan also helps lay the foundations for increased private-sector participation in renewable energy and energy efficiency by introducing novel financing for green investments, measures to boost offshore wind, green hydrogen, and other renewable energy capacity, and by strengthening public-private partnership legislation. Such steps are essential for Romania to meet its commitments under the European Green Deal and achieve climate mitigation goals, particularly given the country's high vulnerability to the risks of climate change."The World Bank Group remains a steadfast partner in Romania's journey toward a more equitable and sustainable economy. This new funding reflects our confidence in Romania's capacity to integrate inclusive growth with environmental stewardship. The operation supports a package of reforms designed to create a lasting impact that boosts inclusion in Romania and contributes to global efforts to combat climate change," Anna Akhalkatsi, World Bank country director for the European Union, is quoted as saying in the statement.
The Board of Directors convenes the Ordinary General Meeting of Shareholders on December 18/19, 2025 The Board of Directors of EVERGENT Investments, an investment company listed under the ticker EVER, has convened the Ordinary General Meeting of Shareholders for December 18/19, 2025. The proposal submitted for shareholders’ approval is the distribution of dividends from reserves […]
City Grill Group surpasses EUR 63.5 million in revenue in the first 10 months With one in six people affected by loneliness, according to the WHO, restaurants are once again becoming essential spaces for reconnection, and dining out is reclaiming its role as an authentic social experience. City Grill Group, the largest Romanian-owned restaurant chain, […]
The Apple Sports app, which provides real-time information and results from multiple sports, became available in Romania this week following a major European expansion, according to the company. The US smartphone maker made the app available in 20 European countries, including Romania. Now available in the App Store on the company’s devices, the Apple Sports...
An exhibition dedicated to the work of William Blake will open at the “Alexandru and Aristia Aman” Dolj County Library in Craiova between November 28 and December 12. Titled William Blake’s Painting in the Light of Sahaja Yoga, the photo-documentary display is curated by Carol and Luis Garrido (UK), whose 14 years of research led […]
The Bucharest Stock Exchange (BVB) kicked off a series of week-long events on Monday, November 17, to mark its 30th anniversary. Brokers, investors, and regulators discussed the evolution of Romanian equities, investment funds, and financial education. They stressed that the local stock market has offered higher returns than other types of investments. The first day […]
AROBS Transilvania Software (BVB: AROBS), a leading entrepreneurial technology company listed on the Bucharest Stock Exchange (BVB), recorded consolidated revenues of RON 328 million in the first nine months of 2025, up 7% compared to the same period last year. According to the company’s report, EBITDA also reached RON 50 million, a 15% increase, while […]
