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World Bank: Mobile phone access reaches three quarters of world population

Telecom July 18, 2012 13:31 0 comments

With over 6 billion mobile subscriptions in use worldwide, up from fewer than 1 billion in 2000, three out of every four human beings worldwide now have access to a mobile phone, according to a…more »

Local politicians continue to air dirty laundry abroad

News July 16, 2012 09:32 0 comments

PNL president Crin Antonescu became interim president of Romania last week after Parliament suspended President Traian Basescu for breaching the constitution, but the shifting political sands of the last few weeks have raised concerns throughout…more »

World Bank approves EUR 1 billion loan for Romania

Finance June 13, 2012 12:30 0 comments

The World Bank’s board of executive directors approved on Tuesday a EUR 1 billion loan to Romania for development policy with deferred drawdown option (DPL DDO). Romanian authorities said the loan will serve as a…more »

Transgaz SPO to be carried out in late June

Power May 22, 2012 12:11 0 comments

The secondary public offering (SPO) in Transgaz, state-owned gas pipeline operator, has been scheduled for late June, while the initial public offerings (IPOs) for three power generators should also take place this year, Lucian Isar,…more »

EU woes and snow plunge Romania into technical recession

Finance May 21, 2012 09:12 0 comments

The economy shrank in two consecutive quarters, dragging the country into technical recession. However, analysts say it will rebound in the second quarter, boosted by a partial wage recovery in the public sector and an…more »

World Bank may lend EUR 75 mln to Romania for fiscal authority reorganization

Finance April 19, 2012 10:56 0 comments

Romania's Government approved yesterday through a memorandum the modernization plan for the fiscal administration (ANAF), which will be carried out through to 2016, in order to improve tax collection and reduce fiscal evasion. The government…more »

Garanti Bank takes out EUR 22.5 mln loan from IFC to finance SMEs

Banking February 24, 2012 11:20 0 comments

International Finance Corporation (IFC), member of the World Bank, has offered a EUR 22.5 million loan to Turkish Garanti Bank Romania that wants to finance SMEs, especially those owned and managed by women entrepreneurs. The…more »

Romania to accelerate public offerings and privatizations of state-owned enterprises

News November 04, 2011 14:44 1 comment

The Romanian Ministry of Economy has been able to turn around the financial situation of 8 state-owned companies (SOEs) that have been under the monitorisation of the IMF, and will accelerate the processes of privatizations…more »

Women in Romania are paid less than men for similar jobs, World Bank report says

News September 19, 2011 15:02 0 comments

Women in Romania are paid 10 percent less than men while having similar jobs and the same level of training, according to a report by World Bank, quoted by Mediafax.  However, in Romania the situation…more »

World Bank says Romania made significant progress on reforms, but further fiscal consolidation is needed

News August 22, 2011 16:55 1 comment

The World Bank noted the progress that Romania made in the implementation of the reforms towards macroeconomic stabilization. However, the Bank stressed that further challenges remain in order to secure full recovery and growth in…more »