WORLD BANK
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Romania Falls One Spot In World Bank’s Doing Business 2014 Report
Romania fell one spot and is ranked 73rd in the World Bank’s Doing Business 2014 report, which analyzes the ease of running a business in 189 countries.
Romania Draws EUR700M Under World Bank Loan Facility
Romania drew Wednesday EUR700 million of its EUR1 billion loan signed with the World Bank Group in 2012, Minister-delegate for Budget Liviu Voinea said in a statement.
Romania To Get Remittances Of $3.6B This Year – World Bank
Romania will receive $3.6 billion in remittances from Romanians working abroad, similar to last year’s estimate and much lower than the remittance flows received before the crisis, according...
Romania Has Already Paid EUR1.6B Interest To IMF And EU, Enough For 320 Km Of Highway
Romania’s EUR20 billion rescue package is now eating into the funding that should have gone to highways, railways and hospitals. The central bank and the Finance Ministry got an actual amoun...
World Bank Raises Romania's 2013 GDP Growth Forecast To 1.7% In 2013
The World Bank forecasts Romania’s gross domestic product will increase 1.7% in 2013, followed by a 2.2% growth next year, according to the bank’s Global Economic Prospects report published...
Romania’s Low Agricultural Yields Due To Tractor Density
The agriculture sector, which generates 6% to 7% of Romania's gross domestic product, has a density of only 20 tractors per 1,000 farmers. This is seventy times lower than France, the Europe...
World Bank Appoints New Country Manager For Romania
The World Bank has appointed Elisabetta Capannelli as the new country manager for Romania, replacing Francois Rantrua, the international lender said in a statement Thursday.
Banca Transilvania Raises EUR29.4M In Convertible Bond Sale
Romanian lender Banca Transilvania (TLV.RO) raised EUR29.4 million in a convertible bond sale, after International Finance Corporation subscribed bonds worth EUR18.9 million in the second st...
WB: Romania Is Europe’s Top Spender On Public Projects, But With Few Results
Romania has been Europe’s top investor in public sector projects in terms of GDP share over the past 10 years, but its investment-to-performance ratio is far from satisfactory, a senior econ...