World Bank

The World Bank said on July 15 that it extended financing worth $1.5 billion for five critical development projects during Fiscal Year 2021. 

Recalling that the country fought the impacts of COVID-19, the bank said the financial support contributed to the implementation of Turkey's 11th National Development Plan as laid out in the Bank's Country Partnership Framework.

Prime Minister Florin Citu on Monday had a meeting at the Victoria Palace with a World Bank delegation led by Anna Bjerde, Vice President for Europe and Central Asia, in which he presented, among other things, the reforms undertaken by the Government regarding pensions and salaries in the public system.

Turkish business circles are seeking to rebuild the Port of Beirut port that was destroyed by a massive explosion last August, said the chairman of Turkey-Lebanon Council of the Foreign Economic Relations Board of Turkey (DEİK) on July 7.

The budget measures taken this year are enough to secure the European Commission's nod of approval for the adjustment strategy presented in Brussels and the return of the deficit to 3 percent of GDP by 2024, Finance Minister Alexandru Nazare said on Monday at the launch of the Bucharest Stock Exchange - Envisia Boards of Elite partnership dedicated to capital market players.

The opening of tourism in Greece has already begun to record its first great success as Greece is at the top of the Bloomberg list with the most superyacht visits this summer.

The US Department of Energy has finalized a feasibility report on the management of the disputed Ujman/ Gazivode lake in accordance with the 2020 Washington deal signed by former US President Donald Trump, separately, with Kosovo and Serbia, as part of the two countries' dialogue.

Minister of Finance Alexandru Nazare and World Bank Country Manager for Romania and Hungary in the Europe and Central Asia Region Tatiana Proskuryakova signed today in Bucharest the loan agreement for the additional 150 million euro funding aimed at supporting the health reform project - improving the quality and efficiency of the health system, a press release of the Finance Ministry informs.

The World Bank has raised its growth projection for the Turkish economy by 0.5 percentage points to 5 percent for 2021.

The climate change agenda has a high stake for the Romanian economy and financial system, both in terms of opportunities and costs, should the green transition be delayed, the governor of the National Bank of Romania (BNR), Mugur Isarescu, said on Tuesday at the press conference for the presentation of the Report of the National Committee for Macroprudential Supervision (CNSM).

Colombian President Ivan Duque announced Friday he was deploying military troops to the city of Cali, as international alarm grows over the policing of deadly anti-government protests across the country in recent weeks.

Friday marked a full month of nationwide protests, which began over a proposed tax increase but have since morphed into a broader anti-establishment mobilization.