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business environment

Romania ranks 37 globally in World Bank’s business environment top

News October 29, 2015 11:01 0 comments

Romania is placed 37 out of 189 countries included in the “Doing Business 2016” top made by World Bank concerning the country’s business environment, according to Mediafax. Romania was placed 48 before, but the World…more »

Romania’s economic growth up 3 pct in 2015, says World Bank

News June 11, 2015 15:21 0 comments

The World Bank has upwardly adjusted to 3 percent its estimates of Romania's economic growth in 2015, from a previous 2.9 percent this January, according to the June edition of the bank's "Global Economic Prospects.…more »

Gov’t signs EUR 200 mln education agreement with the World Bank

Finance April 20, 2015 15:10 0 comments

World Bank (WB) vice-president for Europe and Central Asia Laura Tuck and Romanian Finance minister Eugen Teodorovici signed on Friday a loan agreement worth EUR 200 million for the Romania Secondary Education Project – ROSE,…more »

Romania moves up in World Bank’s Doing Business ranking; falls behind Bulgaria

News October 29, 2014 14:49 0 comments

Romania ranks 48th among the 189 countries surveyed for the most recent Doing Business report compiled by the World Bank, up from 72nd in 2013. Prime minister Victor Ponta celebrated the fact that Romania made…more »

World Bank: Romania plays an important role in cutting back greenhouse gas emissions

Green & Renewables September 18, 2014 16:58 0 comments

Romania plays an important role in the process of cutting back on greenhouse gas emissions, especially in southeastern Europe, said, on Thursday, Jian Xie, an expert on environment issues operating out of the World Bank…more »

Coalition for Romania's Development

Coalitia pentru Dezvoltarea Romaniei says cut in labor tax could spur investments

Legal June 23, 2014 12:42 0 comments

The 5 percent reduction of social insurance contributions paid by employers could see companies allot more resources towards investment or for increasing wages, says Coalitia pentru Dezvoltarea Romaniei (CDR), an association comprising business advocacy group…more »

euro adoption

World Bank lends Romania EUR 1 billion for development and health reforms

News June 17, 2014 17:09 0 comments

The International Bank for Reconstruction and Development, part of the World Bank, grants Romania two loans worth EUR 1 billion for development policies (EUR 750 million) and health reform (EUR 250 million). The two agreements…more »

Cernavoda project

Romania’s big energy projects stuck in limbo

Power June 12, 2014 08:05 0 comments BR Exclusive

With the country in need of at least EUR 30 billion of investments to modernize its energy generating capacity, experts say that investors are looking at Romania – although constant legal changes could hinder their…more »

World Bank improves Romania’s economic outlook to 2.8 percent this year

News June 11, 2014 10:39 0 comments

The World Bank improved its prognosis for Romania's economy on Wednesday, and now expects the national GDP to grow by 2.8 percent this year and 3.2 percent in 2015, according to its recently published Global…more »

Romania plans to enforce different royalties for onshore and offshore deposits

Oil & Gas June 04, 2014 12:57 0 comments

The government is working closely with the World Bank on drawing up a new system for oil and gas royalties that will provide differentiated rates for onshore and offshore projects, said Wednesday Prime Minister Victor…more »