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.
Radisson Blu Hotel, Bucharest, Romania’s largest five-star hospitality complex and a flagship property within the Radisson Hotels portfolio, has been recognized with multiple international and national awards, underscoring its continued commitment to excellence, innovation, and guest satisfaction. At the 32nd Annual World Travel Awards – Europe Gala Ceremony, held in Sardinia, Italy, Radisson Blu Hotel, […]
The public is invited to discover a spectacular festive concept inspired by the charm of the Victorian era Corinthia Grand Hotel du Boulevard will officially start the winter holiday season, lighting up Bucharest’s first Christmas decorations on 24 November at 7:00 PM, symbolically marking the opening scene of the city’s festive celebrations. The hotel transforms into […]
The office building of the former tire manufacturer Banloc-Goodrich in central Bucharest will be demolished for the construction of the Holocaust Museum, Profit.ro reported. The investment, valued at EUR 54.2 million, is partly covered by the EU-backed Recovery and Resilience...
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of 236.3 million euros in the first nine months of 2025, up 13% year-on-year (YoY), and a gross profit of 84.8 million euros, up 20% YoY, while the net profit stood at 70.3 million euros, up […]
Famed Romanian composer Horia Moculescu died on Wednesday, November 12, at the age of 88. The composer, pianist, and performer was born on March 18, 1937, in Râmnicu-Vâlcea. At the age of six, he learned to play the accordion. He attended secondary school in Turda at the Boys’ High School (now the “Mihai Viteazul” National […]
Romanians shift priorities: Health, Culture, and Hobbies take the lead, while Fashion and Home&Deco lose ground to low-cost non-EU commerce Black Friday 2025 marks a turning point for Romanian eCommerce. After two years of stagnation, the day recorded a +10% increase in the number of transactions, while the overall campaign week saw a +20% rise […]
