The financial assets of the public administration sector decreased by 0,4 percentage points in the first quarter of 2021, reaching 24.4% of GDP, according to data centralized by the National Bank of Romania (BNR).The public administration's deposits and cash decreased by 0.6 percentage points in the second quarter of this year, compared to the same period in 2020, and accounted for 4.3% of GDP. Stock holdings and other state participations decreased by 0.2 percentage points, reaching 10.3% of GDP, and the position of other accounts receivable (taxes, duties, social contributions, trade receivables, amounts owed by economic agents to public authorities and external receivables) increased by 0.3 percentage points, reaching 7% of GDP.The financial commitments of the public administration recorded an increase of 5.4 percentage points at the end of Q2 2021, in comparison to the same quarter of the prior year, representing 55.6% of the Gross Domestic Product"This increase is largely explained by the evolution of issues of titles depending on nature of debt, launched both to finance the budget deficit, as well as to re-finance the public debt. Thus, on April 7, current year, the Finance Ministry launched a euro-bond issue on the international capital market, with a total value of 3.5 billion euro. In Q2 of 2021, this debt instrument represented 40.6 pct of the GDP, by 4.2 percentage points more than in the same period of the previous year. The balance of committed appropriations increased by 1.3 percentage points in the analyzed period, reaching 6.5% of GDP, and the items in the category of other amounts payable diminished by 0.1 percentage points, down to 7.8% from GDP," mentions the BNR.
Romania will use high-precision robotic equipment to measure airborne dust particles in three major cities, namely Brașov, Timișoara, and Bucharest. These robots will precisely determine the mass fraction of PM10 and PM2.5 particles collected from air quality monitoring stations, eliminating human error, the National Agency for Environmental Protection (ANPM) announced. The first such robot was […]
A Romanian citizen who was part of the crew of the ship Galaxy Leader and was kidnapped in Yemen has been released and is now safe, according to the Ministry of Foreign Affairs (MAE). The release is the result of sustained efforts by the Foreign Intelligence Service (SIE) and other institutions within the Crisis Cell, […]
Around 730 British Army vehicles have been loaded onto cargo ships, ready to be transported to Romania for NATO’s first deployment of the Allied Reaction Force. Roughly 2,500 soldiers will accompany them to the Eastern European country. The vehicles left from the Sea Mounting Center in Marchwood, Hampshire, ahead of Exercise Steadfast Dart 25. NATO […]
Cargus, a leading player in Romania’s courier industry, appointed former CFO Belgin Bactali as the new CEO, effective January 20. She replaces Yannick Mooijman, who, the company said, “has decided to step back and explore new opportunities.” Belgin Bactali has over 23 years of experience in developing successful financial strategies and leading key projects in […]
Călin Georgescu announced that if he is not allowed to run in this year's presidential elections, he could back "someone from the sovereignist camp" and become prime minister. Speaking on a TV show on January 22, he said that talks for such a scenario are already underway,
Galati County Council has unveiled its plans for the new software park being built in the city, a EUR 40 million project through which Council's president Costel Fotea seeks to turn the city on the Danube best known for its steel plants into an IT center of excellence. The project of the building represents a […]
