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.
Two castles in Romania's Cluj county, namely the Rákóczi-Bánffy Castle in Gilău and Bánffy Castle in Răscruci, will reopen in the coming weeks and host events dedicated to visitors. Rákóczi-Bánffy Castle in Gilău, one of Transylvania's historical monuments, will reopen its doors after a seven-year renovation process aimed at transforming it into a multifunctional cultural […]
The second edition of the Chicago Romanian Community Summit will take place on May 25, aiming to unite the Romanian community in Chicago. Leaders from various sectors - business, education, culture, and religion - will come together during the event to celebrate their shared heritage and establish a forum for addressing challenges. The summit also […]
In a recent promotional spot, Nicola Coughlan, Claudia Jessie, and Hannah Dodd, all part of the cast for Netflix’s hit show Bridgerton, played a game of True or False, Romanian Romance Edition. The game consisted of saying whether or not a particular superstition was actually true in Romanian folklore or if it was made up. The first […]
The organizers of the Untold and Neversea festivals in Romania announced the start of the 10th edition of their blood donation campaign - Blood Network. Under this initiative, blood donors can get free one-day tickets for the two summer events. This year's Blood Network runs between May 18 and June 30. Music fans can donate […]
Romanian mountaineer Adrian Ahriţculesei reached the summit of Mount Everest, Earth's highest mountain above sea level, after a 12-hour climb. The expedition, which started on April 11, is scheduled to end on May 30. "Ahriţculesei Adrian conquered the Roof of the World. He is on Everest (8,848 m). Next comes the hardest part of this […]
Hesburger, the largest chain of fast food restaurants in Finland and the Baltic countries, has entered the Romanian market with a first restaurant in Râmnicu Vâlcea. A family business with a history of over 50 years, Hesburger currently operates in nine countries and has over 470 restaurants. The company aims to open 10 new locations […]
