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.
The real estate developer Nusco Imobiliara, which is developing a major real estate project in the northern part of Bucharest in the Pipera neighborhood, estimated to eventually involve nearly EUR 1 billion investments, announced plans to issue bonds in the amount of EUR 5 mln to be further listed at the Bucharest Stock Exchange. The […]
Two other companies of the Romanian real estate development group Nordis declared insolvency at the request of their owners on November 18, amid a scandal involving the whole group that allegedly sold multiple times its apartments in a fraudulent scheme with a political side given the group owners' alleged ties with the Social Democratic Party […]
EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 273.81 million, 2.8 times higher than the budgeted level for the entire year of 2024. The net result is the company’s main financial performance indicator, comprised of RON 144.02 million in net profit and RON 129.79 million in net […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate...
La French Tech Bucharest announces the third edition of its highly-anticipated flagship event, Inspiring Women in Business, set to take place on November 21st, 2024, at the Romanian - American University (Expoziției Boulevard, Number 1B, Bucharest), starting at 18:30. This prestigious event will spotlight influential women who are leading businesses through transformative times, showcasing their achievements, […]
Eltra Logis, one of the main players in the niche logistics, transport, and storage market, is strengthening its position in the pharmaceutical industry, which now generates 40% of the company's turnover. This consideration comes based on the significant consumption of medicines in Romania and the development of local production capacities in the pharmaceutical sector. The […]
