world bank

Romania’s Renegotiation Of Infrastructure Contracts Doubles, Triples Initial Costs – World Bank

14:37, 05 Mart. 2009
Romania’s transport infrastructure costs are among the highest in Europe, largely because authorities repeatedly renegotiate contracts awarded to private companies and final costs are double or even triple the initial level, the World Bank said in a report.

Romania Might Further Hike Vice Tax – World Bank

14:18, 05 Mart. 2009
The vice tax, especially the one applied for tobacco products, might be further increased in Romania, given that other European states have higher taxes per cigarettes compared with Romania, the World Bank stated in a report.

Romania’s Pension Sys Is Vulnerable To Political Pressures – WB

13:54, 05 Mart. 2009
The lack of clear regulations for pension adjustments makes the system very vulnerable to political pressures, rising thus the uncertainty on Romania’s fiscal perspectives, but also the participants’ insecurity, a World Bank report said.

Romanian Govt Should Limit Wages, Freeze Hiring, Scrap Bonuses – World Bank

13:47, 05 Mart. 2009
The World Bank recommended that, in the short run, Romanian authorities should only increase wages to cover inflation, freeze hiring and start a multiannual plan to eliminate bonuses, as the lack of a coherent wage strategy has allowed unions to come up with excessive demands.

Romania Faces Risks That May Trigger Econ Downward Spiral – World Bank

13:24, 05 Mart. 2009
Romania faces risks related to the pro-cyclic fiscal policy, salaries, external financing and foreign demand cut, which might trigger an economic downward spiral and banking sector woes, according to a World Bank report issued for Romanian authorities.

Romanian Econ Status, “Neither Very Good Nor Very Bad” – WB

15:24, 20 Feb. 2009
Romania’s economic situation is “neither very good nor very bad”, compared with the other European Union new members, while the weight of the financing deficit in the foreign currency reserves is slightly higher than the optimal level, World Bank analysts said Friday.

WB Revises Dn Romania’s 09 GDP Growth Forecast, To 2% At Most

15:00, 20 Feb. 2009
The World Bank revised downwards its estimation on Romania’s economic growth in 2009, from 3.2% to 0%-2%, as prospects for growth in the region continue to deteriorate, according to World Bank economist Erika Jorgensen.

Romania’s Govt Had To Adopt Fiscal Restrictions On Fincl Crisis – WB

12:27, 20 Feb. 2009
The Governments of Romania, Hungary, Lithuania and Estonia had no other option than to resort to rigorous fiscal restrictions, as the economic slowdown in these countries will be more severe compared with other states, the World Bank stated Friday.

Romania’s Fin Min, World Bank Talk About Renewing Some Loans

10:56, 20 Feb. 2009
Romania’s Minister of Public Finance Gheorghe Pogea discussed Thursday with Orsalia Kalantzopoulos, World Bank representative for Central and South-Central Europe and the Baltic States, about renewing some loans granted to Romania by the international institution.

Romania’s GDP To Grow By 3.2% In ’09 – World Bank

20:31, 09 Dec. 2008
Romania’s economic growth will slow down to 3.2% in 2009, from 8.6% in 2008, according to the World Bank’s Global Economic Prospects 2009 report, released on Tuesday.

Joint World Bank/International Monetary Fund Mission To Assess Romania’s Fin System

13:23, 01 Nov. 2008
A joint mission of the World Bank and of the International Monetary Fund, or IMF, will be on a visit to Romania between November 3 and November 14 to assess the country’s financial system, a statement of the International Monetary Fund read.

Romania, Hungary GDP Seen Higher Unlike Emergent Mkts -World Bk

19:29, 18 Iun. 2008
The economic growth of Romania and Hungary is seen higher in 2008 unlike the trend of countries on the emergent markets, which would see a stable or even lower gross domestic product, or GDP, World Bank said in a report Wednesday.

Romania Ranks Among Countries Less Trade-Liberalized – World Bank

13:44, 16 Iun. 2008
Romania ranked 116 from 125 countries in 2006 given the country’s trade liberalization degree, but ranked 10 in the top of most diversified countries by export products, the World Bank said in a report.

Romania To Have Cell, Tissue Bank In Autumn

14:12, 12 Mai 2008
A tissue and cell bank could become operational this fall in Romania’s central city of Targu Mures, Ovidiu Butuc, manager of the local emergency hospital, told a news conference Monday.

Public Administration Reform, A Priority – World Bank

15:05, 31 Ian. 2008
Restructuring public administration is the most important reform Romania should think about, said Thursday Catalin Pauna, economist with the Romanian office of the World Bank.

Romania Must Adapt To New Global And Regional Challenges – World Bank

14:54, 30 Ian. 2008
Romania is confronted with an investment calendar meant to sustain economic growth and improve the legal system, but at the same time it needs to adapt to new global and regional challenges, said Orsalia Kalantzopoulos, regional director with the World Bank.