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WB: Romania Growth Fueled By Higher Disposable Income, Labor Market Evolution
The increase of disposable income and developments of the labor market will fuel the private consumption, the main driver of Romania’s economic growth projected at 3% for 2015, according to...
Finance Ministry Repays EUR1.5B Of EU Loan, EUR5B Left
The Finance Ministry repaid the first EUR1.5 billion tranche of the loan it took from the European Commission in 2009. The amount equals half of this year’s projected budget deficit.
World Bank Cuts Romania’s 2015 GDP Growth Forecast To 2.9%
The World Bank estimates Romania’s economy will grow 2.9% in 2015, a downward revision from its previous forecast, but is expected to accelerate to 3.2% next year.
Romania Climbs Two Spots In World Bank’s Doing Business 2015 Report
Romania climbed two spots and ranks 48th in World Bank’s Doing Business 2015 report, which analyzes the ease of running a business in 189 countries, and is outranked by Rwanda, Bulgaria, and...
Romania’s Debt To International Lenders Down To EUR9B
The central bank and the Finance Ministry have only EUR2.2 billion left to repay of the loan Romania took from the International Monetary Fund in 2009, with the former repaying most of this...
World Bank To Provide Technical Assistance To Romania Financial Supervisory Authority
The World Bank will provide technical assistance to Romania’s Financial Supervisory Authority (ASF), based on a memorandum signed Tuesday.
Romania Borrows EUR1B From World Bank For Fiscal, Health Projects
Romania’s Finance Ministry has borrowed EUR1 billion from the International Bank for Reconstruction and Development to finance fiscal policies and healthcare projects, the ministry said in a...
World Bank Ups Romania Growth Outlook To 2.8% In 2014
The World Bank has revised upward its forecast on Romanian economic growth to 2.8% in 2014 and 3.2% in 2015, the bank said in its latest global economic prospects report.
World Bank Approves EUR750M Budget Support Loan For Romania
The Board of Directors of the World Bank Group has approved a EUR750 million budget support loan (DPL) for Romania, which targets the modernization of public expenditures and improvement in...