02.21.2014

Romanians pay the highest social security contributions in the Central and Eastern Europe, a report from the World Bank showed Friday. more

02.11.2014

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 posted on the more

01.15.2014

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 more

11.20.2013

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 on labor, more

11.05.2013

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 Daniel more

11.04.2013

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 more

10.29.2013

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. more

10.23.2013

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. more

10.03.2013

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 to a more

09.04.2013

Romania climbed two places to 76th in a global competitiveness ranking released by the World Economic Forum on Wednesday. more

06.28.2013

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 amount of more

06.23.2013

Justin Darlington proved once again that he is the best dunker in the world, crushing any competition at the World King of Dunk, a contest held in Bucharest, Romania, at 3x3 EuroTour Wizz Air Sport more

06.13.2013

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 more

06.10.2013

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 European more

05.30.2013

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. more

05.17.2013

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 stage of the more

05.14.2013

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 economist more

05.10.2013

Despite good progress, Romania remains the country with the highest poverty levels in the European Union, and more than 30% of the population lives on less than $5 per day, said World Bank President more

05.08.2013

World Bank Group President Jim Yong Kim will visit Romania on May 9 and 10, his first visit to the country since becoming president in July 2012, the institution said in a press release Wednesday. more

04.28.2013

The World Bank has approved a EUR70 million modernization project for Romania’s tax authority ANAF, the institution said in a statement. more

02.05.2013

The World Bank has appointed of Mamta Murthi, as Country Director for Central Europe and the Baltic Countries in the bank’s Europe and Central Asia region, effective as of February 1, 2013, the more

01.17.2013

The World Bank last week has made EUR1 billion in credit available to Romania as per an agreement signed in the summer of 2012, said Francois Rantrua, World Bank country manager for Romania and more

01.16.2013

The World Bank has revised downward its forecast on Romanian economic growth to 1.6% in 2013 from its previous estimate of 2.8%. more

10.23.2012

Romania has kept its 72nd position among 185 countries in the World Bank’s Doing Business 2013 report, after falling seven places in last year’s report. more

09.03.2012

In Romania, in order to connect to the electricity distribution system, an entrepreneur with a warehouse located in Bucharest has to wait 223 days, according to the World Bank's survey on how easy is more