The public administration debt (government debt) increased in September 2024 to 916.758 billion lei, from 886.983 billion lei in the previous month, according to data published by the Ministry of Finance (MF).As a percentage of the GDP, government debt rose to 54.4%, up from 52.7% in August (according to the report from the National Institute of Statistics on October 10, 2024).In the ninth month of the year, medium- and long-term debt increased to 859.9 billion lei, from 831.9 billion lei in August, while short-term debt rose to 56.858 billion lei, from 55.03 billion lei in the previous month.The largest portion of this debt, namely 774.83 billion lei, was represented by government bonds. Loans totaled 124.64 billion lei.The debt in the national currency stood at 435.754 billion lei, the debt in euro at 390.052 billion lei equivalent, and the debt in U.S. dollars at 89.8 billion lei equivalent.Additionally, central public administration debt reached 894.36 billion lei in September 2024, up from 864.74 billion lei in August, with 837.56 billion lei on medium and long-term debt. The majority of central government debt was contracted in lei (418.025 billion lei) and in euros (385.383 billion lei equivalent).The local public administration debt rose to 22.4 billion lei, from 22.23 billion lei in the previous month, with 22.34 billion lei on medium and long-term debt.At the same time, the domestic debt of the public administration in September 2024 was 442.792 billion lei, or 26.3% of the GDP (25.8% of GDP in August), of which 425.18 billion lei was the central government debt and 17.614 billion lei was the local government debt.According to MF data, the external debt of the public administration stood at 473.966 billion lei, or 28.1% of GDP (26.8% of the GDP in the previous month), of which 469.18 billion lei was the external debt of the central government and 4.785 billion lei was the external debt of the local public administration.
Romanian border police and customs officials have seized over EUR 4 million worth of smuggled cigarettes hidden inside a shipping container at Constanța South Agigea Port. The bust, which uncovered more than 15 million undeclared cigarettes, is one of the largest recorded this year. The container, which arrived from the United Arab Emirates and was […]
Smokers in Cluj-Napoca will now have fewer public spaces to light up as a new municipal regulation officially bans smoking in all public transport stations, city parks, and sports facilities owned by the municipality. The measure, which came into effect on Wednesday, August 13, applies not only to traditional cigarettes but also to heated tobacco […]
Airline AnimaWings is set to launch new direct flights to Istanbul from Bucharest, Iași, Cluj, Timișoara, and Craiova, starting in October 2025. The new routes complement the network already announced at the beginning of summer, which includes flights to Istanbul, a first for Romania, from Timișoara and Craiova, expanding Romania’s regional connectivity with one of […]
The summer sled track in Romanian mountain resort town of Predeal will be inaugurated by the end of August, after obtaining the necessary approvals. The track, located in the Clăbucet slope area of Predeal, is 822 meters long and has 22 sleds. The investment amounted to EUR 1.3 million and the new track features a […]
The office market has shown resilience and growing traction in the first half of 2025, with companies leasing office spaces for more than 7,000 new employees. According to Cushman & Wakefield Echinox’s latest Office Marketbeat Q2 2025 report, over 340,000 employees are now working in modern A and B Class office buildings in the capital, […]
A new cultural project is set to come to life in the Romanian village of Săliștea, in the commune of Mălaia, Vâlcea county. ISVOR, a cultural association known for its work in rural arts education, has announced the launch of Muzeul Fluierelor Lumii/The Museum of the World's Whistles, a unique initiative focused on preserving and […]
