Romania recorded a budget deficit of 6.6% of GDP last year, according to Eurostat data, being 0.3 percentage points higher compared to 2022. If we refer to the national methodology, it amounted to 5.68%, in while in 2022 it was 5.76%. According to Eurostat, ahead of us were Italy with 7.4% and Hungary with 6.7%. There were also countries with budget surpluses, such as Cyprus and Denmark (both +3.1%), Ireland (+1.7%) and Portugal (+1.2%). As a European average, the deficit is 3.5% in 2023, while in the euro area: 3.6%. The share of government debt to GDP in the European Union stood at 81.7% last year, falling from a level of 83.4% in 2022. The most indebted member countries are Greece (161.9%), Italy (137.7%), France (110.6%), Spain (107.7%) and Belgium (105.2%). At the opposite pole are Estonia (19.6%), Bulgaria (23.1%), Luxembourg (25.7%) and Denmark (29.3%). Romania recorded a public debt of 48.8% of GDP last year, one of the lowest in the European Union. In absolute figures, Romania’s government debt stood at 783.5 billion lei at the end of last year (48.8% of GDP), increasing from 665.4 billion lei at the end of 2022 (47.5% of GDP).
Over 23,000 nurses who trained in Romania work abroad in ten European countries, according to the Organization for Economic Cooperation and Development (OECD), at the request of Ziarul Financiar. Italy, the United Kingdom, and Belgium have been the most frequently chosen destinations in the last ten years...
Under existing legislation, Romania has pre-emptive rights only for the natural gas already extracted - and not for the natural gas that will be extracted in the future, according to clarifications provided to Ziarul Financiar by the National Administration of State Reserves and Special Issues (ANRSPS)...
Romanian minister of energy Sebastian Burduja announced a detailed report on the negative effects of the Green Deal policies on the Romanian energy sector. Quoting US president Donald Trump, Burduja said a state's democracy depends on its economy and, consequently, on its ability to produce safe, affordable, and abundant energy. "Energy that keeps factories open, […]
Romania's budgetary-structural plan was approved by the ECOFIN Council on January 21, alongside similar plans for 20 other EU member states, minister of investments and European projects Marcel Boloș announced on Facebook. Romania's budget deficit hit 8.6% of GDP in 2024, nearly three times the 3% upper limit, in the fourth year...
Otilia Bordei, Roxana Ilie and Louis Juhel, a team of three seasoned experts with over 30 years of combined experience in the real estate market, are launching TREEE, a consulting company specialized in identifying and brokering office spaces. TREEE is dedicated to supporting companies in finding sustainable office solutions, thereby contributing to achieving environmental, social […]
A total of 26,033,372 passengers transited Romanian airports last year, a 6% increase compared to 2023, according to data from the Romanian Airports Association (AAR). The number of passengers traveling to international destinations increased by 7% compared to the previous year, while the number of passengers on domestic flights decreased...
