ECONOMY FINANCE&BANKING

EUR 60 ml IBRD loan for improvement of Romania’s justice services

Romania will contract a EUR 60 ml loan from the International Bank for Reconstruction and Development (IBRD) for the financing of the Justice Services Improvement Project, according to the bill for the ratification of the relevant agreement, which was adopted by the Government on Wednesday.

According to a Government release, the total estimated cost of the project is EUR 65 million, of which 60 million covered from the IBRD loan and EUR 5 million are the contribution of the Romanian side, through the Ministry of Justice.

The Government said that the loan will support measures for the modernization of courthouses and judicial information systems included in the Plan of Action for implementing the Strategy for the Development of the Judiciary 2016-2020.

According to the release, the purpose of the project is to improve the functioning of courts and institutions under the authority of the Ministry of Justice, of court headquarters (rehabilitation, expansion, construction, equipping with furniture), improve the nationwide IT structure, raising public awareness of judiciary services.

Also envisaged is the improvement of the activity of the National Trade Registry Office, by equipping it with hardware, the design, development and implementation of an electronic archiving system, but also the improvement of the activity of prosecution offices by revamping the national IT infrastructure and the security infrastructure of the Public Prosecution Office.

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