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Basescu: 2012 Budget Targets Deficit Of 1.9% In Cash Terms
Romanian President Traian Basescu said Thursday, after a meeting with the IMF, World Bank and European Commission delegation, that next year's budget will be built on a deficit of 1.9% of th...
FDI In Romania Less Productive Than In CE Region, WB Says
Foreign direct investment in Romania has been less productive than in other countries in Central Europe and its contribution to the economy is rather reduced, an official of the World Bank s...
World Bank: A Quarter Of Romania's State-Owned Cos Are Practically Bankrupt
A quarter of Romania's 760 state-owned enterprises, such as RADET, CFR or Oltchim, are unprofitable, with nonviable assets and de facto bankrupt, meaning almost 100,000 employees would be le...
Romania Falls 7 Positions To 72 In World Bank’s Doing Business 2012 Report
Romania dropped seven positions in the World Bank’s annual report Doing Business ranking 72nd among 183, mainly because it now asks for a tax clearance certificate for a new company’s headqu...
WB: Women In Romania Paid An Average 10% Less Than Men For Similar Jobs
Women in Romania are paid on average 10% less than men for similar jobs and the same training, but the difference is lower compared to the rest of the region, the World Bank said in a report...
Franks: Romania May Accelerate Economic Growth With Good Reforms, Solid Investments
Romania's economic growth will continue this year and may even accelerate next year, but only through continued and "satisfactory" reforms, improved absorption of EU funds and solid investme...
Romania's Antitrust Watchdog Will Continue Work With WB To Improve Competition Law
Romania’s Competition Council will continue its collaboration with the World Bank to improve the competition law, as some amendments to the normative act have not been approved by the Parlia...
Finance Ministry Has To Pay Back EUR9.8B As Part Of The Loan Meant To “Stabilize” Romania
The huge EUR20 billion loan taken out by Romania in 2009 from the International Monetary Fund (IMF), the European Commission and the World Bank – first as a “safety net”, but which soon beca...
WB: Reforms Can Reduce Train Transit Times In SE Europe Significantly
Train transit times between Southeastern Europe and Turkey could be reduced significantly if much-needed reforms are made in the railway sector, says a World Bank report.