The World Bank's board of directors has approved a €100mn loan to be extended to Romania under the Safer, Inclusive and Sustainable Schools Project, aimed at upgrading nearly 100 buildings across 55 schools in Romania to modern standards for safety, resilience, inclusion, sustainability and digital access.
"A child born in Romania today is expected to be only 58% as productive as they could be if they had access to better education and health services," noted Tatiana Proskuryakova, World Bank country manager for Romania.
"Romania has a high proportion of school buildings that fail to meet safety, basic sanitary, and energy efficiency standards," said Alanna Simpson, World Bank lead disaster risk management specialist. Today, more than 1,000 schools around the country are at high risk of severe damage or collapse in an earthquake or do not meet modern fire codes, sanitation, and air quality requirements, the World Bank’s statement reads.
The Eurasian Development Bank (EDB) said on March 26 it had fully redeemed a five-year Eurobond, meeting all obligations to investors at maturity. The bank paid a total of €286mn, covering both ... more
London-listed TBC Bank Group PLC (LON: TBCG) is weighing up conducting a separate initial public offering (IPO) for its TBC Uzbekistan digital bank business. Reuters on February 24 ... more
The European Bank for Reconstruction and Development (EBRD) deployed a record €2.9bn in finance in Ukraine in 2025, up from €2.4bn a year earlier, the EBRD said in a press release. The EBRD ... more