WORLD BANK
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World Bank Urges Energy Heavyweights To Invest In Romania
The World Bank is sending out a strong message to the international energy giants, which arrived in Romania via privatization processes, asking them to commit to significant investments and...
Basescu Wants Pension, Social Security Deficits Unchanged Amid Wage Raise Plans
Keeping social security fund and pension deficits at their current levels is crucial for the upcoming period, Romanian President Traian Basescu said Sunday in a meeting with International Mo...
Transport Ministry To Receive EUR4.5M To Improve Management Of PPP Projects
The Romanian Transport Ministry will receive EUR4.5 million to carry out a two-year program targeting to improve the institution’s capacity to manage public-private partnership projects, Tra...
Romania Wants A New EUR1B Loan From World Bank
Romania wants a new safety net from the World Bank – a EUR1 billion line of credit that would allow the Finance Ministry to cover financing needs if turmoil intensifies on the financial mark...
Dragoi: Romania's Tax Authority Will Undergo Reorganization
Romania’s tax authority ANAF will undergo a large reorganization process aimed to eliminate redundant operations and cut through the red tape, Finance Ministry Bogdan Dragoi said Monday.
World Bank To Assist Romanian Transport Ministry Increase Management Capacity, Efficiency
Romanian Transport Minister Alexandru Nazare on Wednesday signed a 16.73 million lei (EUR3.8 million) financing contract for a project through which the World Bank will provide assistance to...
Romania To Receive $434,000 From World Bank To Monitor Action Plans
The Romanian Government will receive non-reimbursable funds worth a total $434,000 from the World Bank, which will be used to draw up a system needed to monitor and evaluate action plans ela...
EIB, World Bank To Help Romania Increase EU Fund Absorption
Leonard Orban, Romania's Minister of European Affairs, on Thursday signed memoranda of understanding with the European Investment Bank and World Bank regarding technical assistance for Roman...
WB Cuts Romania Growth Outlook To 1.5% In 2012
The World Bank has revised downward its forecast on Romanian economic growth to 1.5% in 2012 from 3.7% previously, citing deteriorating external outlook and the country’s increased vulnerabi...