Romania's public debt rose by over RON 10 bln (EUR 2 bln) in August to reach RON 887 bln (EUR 178.2 bln) at the end of the month. The debt-to-GDP ratio calculated under ESA methodology, namely based on the latest available 12-month GDP, reached 52.7%, up from 50.0% one month earlier and 48.8% at the end of 2023.
Lower inflation and economic growth, besides the wider budget deficit this year, resulted in a faster advance of the country's indebtedness. Thus, the debt-to-GDP ratio rose...
Romanian firefighters intervened to extinguish 8,520 vegetation fires nationwide between June 1 and August 31 this year, 3.2% fewer than in the same period of 2024, the General Inspectorate for Emergency Situations (IGSU) said on Tuesday, September 23. Despite the slight national decrease, the agency said the phenomenon continues to pose a major threat to […]
A plane with hundreds of passengers was forced to remain in the air and circle the Cluj-Napoca International Airport for several minutes after an air traffic controller reportedly fell asleep on duty, Stirileprotv.ro reported. The incident is said to have happened over a month ago. On that night, three controllers...
Romanian consumer confidence has dropped to one of its lowest levels in the past 15 years, consultancy company Colliers said in a recent report. After several years of record demand, Romania’s housing sector entered 2025 in a cooling phase as buyers grew more cautious. Consumer sentiment saw its steepest half-yearly decline since the 2009–2010 financial […]
The North Atlantic Treaty Organization, or NATO, will begin deploying Turkey’s advanced MEROPS surveillance system in Poland and Romania to guard against drone incursions from Russia, Euractiv reported. The Multispectral...
Bellemonde announced that it launched a new premium residential project in Pipera, northern Bucharest, adding 52 villas through an estimated investment of EUR 25 million. The development, called Bellemonde Privée, will include single-family homes, duplex villas, and townhouses, built on a 25,000 sqm plot across from the existing Bellemonde complex. About 65% of the total […]
Romanian foreign minister Oana Țoiu expressed solidarity with Estonia during the September 22 emergency meeting of the United Nations (UN) Security Council after the latter's airspace was violated by three Russian fighter jets last week. On Friday, September 19, Russian jets entered and stayed in the airspace above the Gulf of Finland for 12 minutes, […]
