WORLD BANK
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World Bank VP: Romania Needs 5%- 6% GDP Growth To Converge With EU Living Standards
Romania needs to stimulate its economic growth to reach rates of 5% to 6% a year in order to converge with the living standards of the European Union. It also needs to continue structural re...
World Bank To Lend Romania EUR1B A Year In 2014-2017
The World Bank will extend a credit line to Romania for development projects of EUR1 billion a year for the period 2014-2017, based on a new partnership strategy to be approved by the bank's...
World Bank Approves $339M Healthcare Loan To Romania
The World Bank’s Board of Executive Directors approved Friday a $338.8 million loan to Romania to improve the country’s healthcare infrastructure, the bank said in a statement.
Romania Has Heaviest Social Security Burden In CEE - Report
Romanians pay the highest social security contributions in the Central and Eastern Europe, a report from the World Bank showed Friday.
World Bank’s IFC To Buy Stake In Romanian IT&C Integrator Teamnet
International Finance Corporation (IFC), the World Bank’s investment arm, will acquire a stake in Romanian information systems integration company Teamnet, according to an announcement poste...
World Bank Sees Romania GDP Growth At 2.5% In 2014
The World Bank estimates the Romanian economy will grow by 2.5% in 2014, after a similar increase last year, according to the institution’s latest Global Economic Prospects report, released...
Romania Has Highest Number Of Tax Payments In EU, Wastes 200 Hours/Year Paying
A company in Romania makes 39 payments to the state each year as taxes and contributions, triple compared to the EU average, for which it wastes 200, and the bulk of the fiscal burden lays o...
Romania Seeks New EUR1B Loan From World Bank Unit
Romania has asked for a new EUR1 billion development policy loan from the World Bank, part of a larger EUR4 billion program aimed at financing the country’s budget deficit, Finance Minister...
Standard & Poor’s Unimpressed By Romania’s Fiscal Consolidation And Low Inflation
The three major rating agencies Standard & Poor’s (S&P), Moody’s and Fitch have not improved their assessment of Romania’s country risk, despite the fact that the country has been praised as...