The debt of the public administration (governmental debt) went up, in February 2024 to 841,292 billion lei, from 801,687 billion lei in the previous month, according to the data published by the ministry of finances (MF).As a percentage from GDP, the governmental debt has increased from 52,4% from 49,9% in January.In the second month of the year, the medium and long-term debt has increased at 786,851 billion lei, from 759.95 billion lei in January, and the short term one has increased at 54,441 billion lei, from 41.737 billion lei in the previous monthMost of this debt, 687.897 billion lei, was represented by government securities. Borrowings amounted to 140.163 billion lei. Debt in national currency amounted to 397.022 billion lei, debt in euro to 359.333 billion lei equivalent and debt in US dollars to 83.635 billion lei equivalent. Central government debt also reached RON 820.105 billion in February 2024, up from RON 780.874 billion in January, of which RON 765.7 billion was medium and long-term. The bulk of central government debt was contracted in lei (380.146 billion lei) and in euro (355.023 billion lei equivalent). Local government debt rose to 21.187 billion lei from 20.813 billion lei in the previous month, of which 21.149 billion lei is medium and long-term. At the same time, domestic general government debt stood at 406.344 billion lei (25.2% of GDP) in February 2024, of which 390.038 billion lei was central government debt and 16.305 billion lei local government debt. According to MF data, the general government external debt was 434.948 billion lei (27.1% of GDP), of which 430.066 billion lei was central government external debt and 4.882 billion lei local government external debt.
Romania’s green startup ecosystem is gaining more and more momentum, driven by a skilled workforce, reforms aligned with EU policies, and the climate emergency, according to a report prepared by Startarium and Impact Hub Bucharest. In 2024, there were over 2,300 startups in Romania, with a total estimated value of approximately EUR 19 billion. Romania […]
The global IT hub established by JTI in Romania has expanded from 140 employees at the beginning of the year to 170 currently, and is set to exceed 200 by the end of 2025. Located in Bucharest, the hub is one of JTI's six technology centers worldwide. The experts in Bucharest provide Digital and IT […]
French-born virtual reality esports center EVA VR has recently opened its Bucharest location, promising a realistic and immersive combat esports experience suitable for corporate team-building events, birthday parties, and various other events. Inaugurated on June 7, the new location is part of an international network, Esports Virtual Arenas, which was established roughly 5 years ago. […]
Investment group ROCA acquired a 20% minority stake in the Adrem energy group, following approval from the Romanian Competition Council. Announced on Tuesday, August 12, the transaction will support Adrem’s strategic development and scaling plans. The investments will be primarily directed towards the expansion and diversification of EPC (Engineering, Procurement, and Construction) projects, the development […]
Romanian students spend an average of 13 hours a week on homework, almost twice as much as their peers in Nordic countries, according to data from the OECD’s PISA 2022 study, quoted by ParentED. Finland ranks at the bottom in Europe with just six hours per week, while countries such as Switzerland, Denmark, and the […]
Three foreign citizens suspected of stealing jewelry and other goods during the Untold Festival in Cluj-Napoca were caught by Romanian police officers at the airport. The three, two men and one woman, all between the ages of 30 and 46, were detained while attempting to fly to Barcelona. Police from the Cluj-Napoca Criminal Investigations Bureau […]
