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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania receives additional EUR 150 mln WB financing for sanitary system reform

The Minister of Finance, Alexandru Nazare, and the Country Director for Romania of the World Bank, Tatiana Proskuryakova, signed, on Friday, June 11 in Bucharest, the loan agreement for additional EUR 150 mln financing, intended to support the project on health sector reform - improvement quality and efficiency of the health system.

"Equal access to a high-quality medical system is crucial for Romania's sustainable development, and the well-being of all citizens should always be a priority," said Tatiana Proskuryakov.

The loan will be repaid in a single instalment on March 1, 2033, and is granted at a variable interest rate based on the EURIBOR rate plus the Bank's variable margin (the current indicative rate being 0.83pp), Economica.net reported.

According to the Ministry of Finance, this financing completes the initial loan of EUR 250 mln granted by the World Bank, currently being implemented.

In addition to the objectives already started in the initial project, the additional funding will mainly ensure: modernization of the telemedicine system, improvement of the screening network for cervical cancer, purchase of equipment for burn treatment centres and construction of the two burn treatment centres within the Clinical Hospital Emergency Department for Children "Grigore Alexandrescu" and the Emergency Clinical Hospital Târgu-Mureş.  

andrei@romania-insider.com

(Photo source: Facebook/Ministerul Finantelor)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania receives additional EUR 150 mln WB financing for sanitary system reform

The Minister of Finance, Alexandru Nazare, and the Country Director for Romania of the World Bank, Tatiana Proskuryakova, signed, on Friday, June 11 in Bucharest, the loan agreement for additional EUR 150 mln financing, intended to support the project on health sector reform - improvement quality and efficiency of the health system.

"Equal access to a high-quality medical system is crucial for Romania's sustainable development, and the well-being of all citizens should always be a priority," said Tatiana Proskuryakov.

The loan will be repaid in a single instalment on March 1, 2033, and is granted at a variable interest rate based on the EURIBOR rate plus the Bank's variable margin (the current indicative rate being 0.83pp), Economica.net reported.

According to the Ministry of Finance, this financing completes the initial loan of EUR 250 mln granted by the World Bank, currently being implemented.

In addition to the objectives already started in the initial project, the additional funding will mainly ensure: modernization of the telemedicine system, improvement of the screening network for cervical cancer, purchase of equipment for burn treatment centres and construction of the two burn treatment centres within the Clinical Hospital Emergency Department for Children "Grigore Alexandrescu" and the Emergency Clinical Hospital Târgu-Mureş.  

andrei@romania-insider.com

(Photo source: Facebook/Ministerul Finantelor)

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