World Bank Group President David Malpass will arrive in Bucharest on Wednesday, April 13, 2022, for a two-day visit. This will be Mr. Malpass’ first trip to Romania as World Bank Group President. The visit reaffirms the World Bank Group’s commitment to partnering with Romania in support of sustainable economic growth and shared prosperity. “The World Bank Group has a strong partnership with Romania. We are committed to support further progress in Romania toward growth that builds on macroeconomic stability, inclusion, and strong institutions,” said World Bank Group President David Malpass. “In these turbulent times in the region, we are ready to support Romania as it hosts refugees fleeing from Ukraine and work with the authorities to improve living standards for all Romanians.” During his trip, David Malpass will meet with the authorities and partners of the World Bank Group in Romania. Mr. Malpass will have the opportunity to visit a World Bank-supported project in the education sector with a focus on supporting the Roma population. Joining Mr. Malpass on his visit will be Anna Bjerde, World Bank Vice President for Europe and Central Asia, Gallina A. Vincelette, World Bank Country Director for the European Union, and Ary Naim, IFC Regional Manager, Central and Southeast Europe. The World Bank’s active portfolio in Romania is composed of 9 investment projects totaling US$1.78 billion, and Advisory Services and Analytics tasks amounting to US$124.62 million. As of February 15, IFC's committed portfolio was $1.04 billion in over 30 projects, of which 55 percent represented investments in financial institutions, and the remaining 45 percent in the real sector. IFC’s outstanding portfolio stands at $954.48 million and its committed own account portfolio in Romania ranks 1st in the newly created IFC Europe region.
Estonian cinema will take center stage at the 24th edition of the Transilvania International Film Festival (TIFF) in the Focus Estonia program, presenting a curated selection featuring both recent releases and rediscovered classics, screened in restored versions. Among the films to be screened is Moonika Siimets' The Black Hole (2024), a dark sci-fi comedy inspired […]
The ITH Group, which includes the portals Vola.ro, Fru.pl, and GoVola.com and operates in Romania, Poland, and Bulgaria, announced the direct integration of LOT Polish Airlines flights into its own platforms. The collaboration strengthens the group’s position as a regional leader in flight ticket distribution, according to its press release. This will be achieved through […]
In a ruling handed down on Tuesday, May 13, the Bucharest Court of Appeal rejected a request by US authorities for the extradition of a 17-year-old Romanian student. The youth is accused of sending hundreds of bomb threats and manipulating underage girls into engaging in acts of extreme violence, sexual exploitation, and self-harm. Aside from […]
Accor, a global leader in hospitality, has announced the expansion of its presence in Romania by signing a franchise agreement with Amazonia Aquapark SRL for Novotel Timișoara. The newly built hotel is scheduled to open by the end of 2027, marking the brand's first property outside Bucharest and becoming a flagship for Novotel in Eastern […]
A survey published on Wednesday, May 14, by the Open Minds Association shows that Romanians strongly support respect and mutual support in the workplace, signaling that the business environment can play a critical role in supporting social unity. According to the first data set from the “Diversity and Inclusion Barometer,” May 2025 edition, 81% of […]
Eight of the largest business organizations active in Romania have voiced their concern over the accelerating deterioration of the business climate and the erosion of Romania’s credibility. The call is signed by AmCham Romania – American Chamber of Commerce in Romania, AOAR – Association of Romanian Businessmen, AHK – Romanian-German Chamber of Commerce and Industry, […]
