Public administration debt (government debt) rose to 852.816 billion lei in April 2024 from 845.098 billion lei in the previous month, according to data published by the Finance Ministry (MF).As a percentage of GDP, government debt increased to 52.1%, from 51.6% in March (GDP according to the release of the National Institute of Statistics on July 8, 2024).In the fourth month of the year, medium- and long-term debt increased to 801.984 billion lei from 795.023 billion lei in March, and short-term debt increased to 50.832 billion lei from 50.075 billion lei in the previous month.Most of this debt, 691.361 billion lei, was represented by government securities. Loans amounted to 147.119 billion lei.Debt in national currency amounted to 412.36 billion lei, that in euro to 354.577 billion lei equivalent, and debt in US dollars to 84.68 billion lei equivalent.The debt of the central general government had also reached 831.166 billion lei in April 2024, up from 823.396 billion lei in March, of which 780.367 billion lei in medium and long-term debts. Most of the central government debt was contracted in lei (395.39 billion lei) and in euro (349.898 billion lei equivalent).Local public administration debt decreased to 21.65 billion lei, from 21.702 billion lei in the previous month, of which 21.617 billion lei in the medium and long term.At the same time, the domestic debt of the general government amounted to 424.193 billion lei (25.9% of GDP) in April 2024, of which 407.396 billion lei was central government debt and 16.8 billion lei local government debt.According to MF data, the external debt of the public administration amounted to 428.623 billion lei (26.2% of GDP), of which 423.77 billion lei external debt of the central public administration and 4.853 billion lei external debt of the local public administration.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
