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WORLD BANK

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World Bank Sees Romania's Economic Growth at 5.1% in 2018, Deficit at  3.3%
Analysis

World Bank Sees Romania's Economic Growth at 5.1% in 2018, Deficit at 3.3%

Romania's economy is projected to continue to grow above potential in 2018 with GDP likely to expand by around 5.1%, driven by the fiscal stimulus, but in the absence of corrective measures,...

Oana Gavrila · 08.05.2018 · 15:32 · 1 min
Macroeconomics

World Bank Sees Romanian Economy Growing 4.5% in 2018 After 6.4% Growth in 2017

The World Bank sees Romania's economy growing by 4.5% in 2018, 4.1% in 2019, and 3.5% in 2020, after an estimated growth of 6.4% in 2017, it said in its Global Economic Prospects report rele...

Oana Gavrila · 10.01.2018 · 14:32 · 1 min
World Bank to Support Highway Construction in Romania
Automotive

World Bank to Support Highway Construction in Romania

The World Bank has agreed to finance Romania for the construction of a highway section to Brasov, in the central part of the country, and will start its first technical mission end-October,...

Oana Gavrila · 18.10.2017 · 16:10 · 1 min
IFC Grants EUR50M Loan To Alpha Bank To Back Mortgage Lending
Banks-Insurance

IFC Grants EUR50M Loan To Alpha Bank To Back Mortgage Lending

The International Finance Corporation (IFC), a member of the World Bank Group, will be granting a loan of EUR50 million to Alpha Bank Romania in order to support the granting of mortgage loa...

Ecaterina Craciun · 07.06.2017 · 18:29 · 1 min
World Bank Appoints New Country Manager for Romania and Hungary
Banks-Insurance

World Bank Appoints New Country Manager for Romania and Hungary

The World Bank has appointed Tatiana Proskuryakova as the new Country Manager for Romania and Hungary, replacing Elisabetta Capannelli, who has been the World Bank Country Manager since May...

Oana Gavrila · 10.05.2017 · 13:10 · 1 min
Technology &Telecoms

World Bank: Only 20% Of Unemployed Romanians Use Internet To Search For Job

Only 20% of unemployed people in Romania use the internet to search for a job and only 5% of individuals use the internet to download official documents from public websites, according to a...

Gabriela Stan · 07.03.2017 · 11:47 · 1 min
World Bank Interested In Structuring Romania’s Sovereign Development And Investment Fund
Companies

World Bank Interested In Structuring Romania’s Sovereign Development And Investment Fund

World Bank representatives offered „their full support and availability for collaboration in the structuring of the Sovereign Development and Investment Fund,” Romania’s Economy Ministry sai...

Ecaterina Craciun · 17.02.2017 · 18:59 · 1 min
World Bank OKs EUR60M Financing For Justice Services Improvement Project In Romania
Social/Politics

World Bank OKs EUR60M Financing For Justice Services Improvement Project In Romania

The World Bank approved Wednesday a EUR60 million financing to Romania for the Justice Services Improvement Project, the institution said in a statement.

Gabriela Stan · 01.02.2017 · 13:22 · 1 min
World Bank Sees Romania GDP Growth At 3.7% In 2017
Macroeconomics

World Bank Sees Romania GDP Growth At 3.7% In 2017

The World Bank estimates the Romanian economy will grow by 3.7% this year, after a 4.7% growth in 2016, according to "January 2017 Global Economic Prospects" report, released Tuesday.

Gabriela Stan · 11.01.2017 · 13:58 · 1 min