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.
The Romanian Olympic and Sports Committee (COSR) announced the team for the European Youth Olympic Winter Festival (EYOF) Bakuriani 2025, which will take place in Georgia from February 9 to 16. Twenty athletes will compete in four disciplines, namely biathlon, alpine skiing, cross-country skiing, and snowboarding. The biathlon team comprises eight athletes, evenly split between […]
About 5.7 tons of waste, including over 3 tons of plastic, have been collected in the last two years from several of Romania’s rivers through the log boom system, the Romanian Waters National Administration (Apele Române) announced. The project has focused on major rivers across Romania, such as the Jiu River in Rovinari, where 3,100 […]
Anglo-Dutch multinational Unilever, one of the largest players in the food and non-food consumer goods market, is closing its ice cream factory in Veliko Tarnovo, Bulgaria, and moving part of the production to Romania, in Suceava, according to Ziarul Financiar. The move comes just a few months after Unilever announced that it would separate its […]
Romania received another F-16 Fighting Falcon aircraft from Norway this week, completing the 48th Fighter Squadron with a full fleet of 16 fighter jets. The aircraft landed at the "General Emanoil Ionescu" 71st Air Base in Câmpia Turzii on Thursday, January 30. The acquisition is part of a broader initiative aimed at enhancing Romania's security […]
Romanian football team FCSB was defeated 0-2 by the UK’s Manchester United on Thursday, January 30, in the last round of the main group stage of the Europa League. The Romanian champions finished their group in 11th and secured qualification for the competition's play-offs. Roughly 3,000 English fans were present in Bucharest for the match. […]
A new market analysis by independent French company nPerf revealed a competitive landscape in the mobile technology sector in Romania. Orange continues to hold its position as the market leader, as its subscribers enjoyed the best mobile internet performances in 2024, including for 5G. The barometer analyzed various factors, such as download...
