The government debt rose in November 2024 to 936.995 billion lei , from 931.186 billion lei the previous month, according to data released by the Finance Ministry. As GDP percentage, the government debt grew to 54.3% frm 54% in October (according to INS press release of December 6, 2024). In November 2024, the average and long term debt dropped to 866.272 billion lei, from 869.216 billion lei in October, while the short term debt grew to 70.723 billion lei, from 61.97 billion lei the previous month. The largest part of that debt, that is 772.92 billion lei represented state bonds. Loans amounted to 143.423 billion lei. The debt in lei amounted to 446.828 billion lei, the one in euro was 391.016 billion lei, while the debt in US dollars was 96.938 billion lei. The central public administration debt was in November 2024, 914.053 billion lei, on the rise from 908.315 billion lei on the average and long term. Most of the central administration debt was contracted in lei (428.861 billion lei) and euro (386.041 billion lei). The local public administration debt was 22.94 billion lei, from 22.87 billion lei, the previous month, of which 22.89 billion lei on average and long term. At the same time, the domestic debt of the public administration was 463.77 billion lei in November 2024 (455.713 billion lei in October), that is 26.9% of GDP (26.4% of GDP in October 2024), of which 445.906 billion lei the debt of central public administration and 17.864 billion lei the local public administration. According to Finance Ministry data, the foreign debt of he public administration was 473.225 billion lei (475.473 billion lei the previous month), that is 27.4% of GDP (27.6% of GDP the previous month), of which 468.147 billion lei was the central public administration debt and 5.078 billion lei the foreign debt of the local public administration.
Participation in cultural education activities continues to be limited, with the main barriers being difficult access, insufficient knowledge, and cost, the recently released Cultural Consumption Barometer 2024 shows. The report showed that many Romanians still associate culture with entertainment rather than with personal development or furthering their knowledge. The need for relaxation dominates in cultural […]
Roughly 84% of Romanians say that the pace of the state’s digitalization is slow or very slow, according to an Edge Institute & AtlasIntel study presented at the Digital Governance Summit 2025, which took place on Tuesday, November 25, at the presidential palace in Bucharest. The survey aims to capture the way citizens relate to […]
Romania’s Superior Council of Magistracy (CSM) issued a negative opinion on the new bill regarding magistrates’ pensions. The move is only the latest development concerning a heated issue that led to tensions between the executive and the judiciary branch. CSM’s opinion is consultative, and the government led by Ilie Bolojan can still take responsibility for […]
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
