World Bank

PM Citu: World Bank ranks Romania in top of countries with greatest number, most applied measures

Prime Minister Florin Citu said on Tuesday that the World Bank has confirmed the measures taken by the Liberal government in the context of the COVID-19 pandemic, placing our country in the top of the countries with "the greatest number and the most applied" financial measures taken in response to the crisis caused by the SARS-CoV-2 virus.

World Bank rises Turkey's 2020 growth projection

The World Bank increased Turkey's gross domestic product (GDP) projection for 2020, according to its Global Economic Prospects report released on Jan. 5. 

The international financial institution estimates that the Turkish economy grew 0.5% in 2020, up from an estimated 3.8% contraction in June, "amid a substantial expansion in credit," the report said.

Poor Suffer Most as Czech Housing Crisis Deepens

Czechs seeking to buy an average sized apartment of 70 square metres faced paying over 11 times their annual salary in 2019, more than their peers in any other European country. That's a ranking they enjoyed for a fourth straight year. In the capital Prague, the average price per square meter rose to €3,395 last year, far above regional peers such as Budapest and Bratislava.

World Bank extends loans of 250 mln euros for Turkish exporters

The World Bank's Board of Executive Directors has approved a partial credit guarantee in the amount of 250 million euros (around $273 million) to the Export Credit Bank of Turkey (Türk Eximbank) as part of the Turkey Long-Term Export Finance Guarantee Project, according to a statement.

Approximately one million jobless in Romania due to COVID-19

The number of jobless people in Romania, due to the novel coronavirus, is about one million, taking into account the employment contracts suspended and terminated at the end of May, a press release of the National Confederation for Women Entrepreneurship (CONAF) reads on Monday. "To this figure will be added the number of Romanian jobseekers coming from abroad.

Turkey’s economy to bounce back in 2021: World Bank

The Turkish economy is expected to bounce back to a record 5 percent growth next year after contracting 3.8 percent in 2020, the Work Bank said in the latest issue of Global Economic Prospects report.
"The economy is expected to return to growth in 2021, on the back of gradual improvement in domestic demand," the bank said on June 8.

Pages