The public administration sector's financial assets in Q1 2025 decreased by 1.1 percentage points to 25.7% of GDP, compared to the year-ago period, according to data published by the National Bank of Romania (BNR).According to the cited source, the trend was mainly generated by the decrease in the availability of cash and deposits, whose stock decreased (-9.1%) to 6.5% of GDP, in the political and economic context of the election period.Loans granted by public administrations increased (+2.4%) to 2.1% of GDP (down 0.1 percentage points compared to Q1 2024). Equity participations and shares/investment fund units remained at the same level of 9.8% of GDP. Other accounts receivable (taxes, social contributions, trade receivables, amounts owed by economic agents to public authorities, and external receivables) increased by 0.2 percentage points to 7.1% of GDP.Financial commitments of public administrations, expressed as a percentage of GDP, increased by 3.7 percentage points, reaching 60.4% at the end of Q1 2025."This development was mainly driven by the increase in debt securities (+2.8 percentage points during the period under review), to 41.2% of GDP, as a result of bond issues launched by the Ministry of Finance on the domestic and foreign markets to finance the budget deficit and refinance government debt," BNR points out.Committed government loans increased by 23.7% compared to Q1 2024, due to the issuance of non-negotiable retail government securities under the Tezaur program. In relative terms, the indicator increased by 1.2 percentage points to 8.8% of GDP.Other accounts payable reached 9.4% of GDP.The public administration sector's net financing requirement was 2% of GDP in Q1 2025, compared to 2.4% of GDP in Q1 2024. The central government recorded a net financing requirement of 2.3% of GDP (compared to 2.6% of GDP in Q1 2024). The local administrations' net financial requirement stood at 0.3% of GDP (0.2% of GDP in Q1 2024). Social security administrations recorded a net financing requirement of 0.04% in Q1 2025 (compared to 0.1% of GDP in Q1 2024).
Education at AISB is stepping into the future. The American International School of Bucharest (AISB) proudly announces the launch of the Global Impact Diploma (GID), a groundbreaking academic pathway that empowers students to create real-world change while excelling in their studies. Offered at only four other schools worldwide, the GID places AISB among a pioneering […]
The largest event in the country dedicated to animation film begins in Bucharest, where the public is invited to visit a host of art galleries that are open afterhours this weekend.
South Korean ambassador Kap-soo Rim will host a reception at the Bucharest National Theater on Friday, October 3, to mark the National Foundation Day and Armed Forces Day of the Republic of Korea. The reception is also in honor of the 35th anniversary of Korea-Romania bilateral relations. In the last three years, the two countries […]
Romania has reported an outbreak of bluetongue disease in cattle in the southwest of the country, according to an announcement from the World Organisation for Animal Health made on Wednesday, October 1. There are numerous variants of the virus. Serotype 3 of the disease was detected in 10 animals from four farms and households in […]
One United Properties, one of the largest real estate developers in Romania, has begun construction work on two schools located within the One Academy Club and One Lake District developments, which will accommodate over 1,000 children. These projects benefit from an investment of approximately EUR 19 million. The developer has also already identified land for […]
Genezio, a Romanian AI startup, announced the launch of a new Conversational AI Optimization platform, a tool designed to help companies understand and improve how generative AI systems perceive and describe their brands, during the technology conference How to Web. The new tool comes as traditional digital marketing campaigns and SEO techniques no longer suffice […]
