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.
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
Cătălin Chimir, founder and managing director of construction management company SENARIA, discusses the challenges and opportunities in Romania’s construction and real estate sectors and shares valuable insights on how to maximize project profitability and avoid common mistakes. Despite a stable demand for development, the Romanian construction market remains fragile due to factors like labor shortages, […]
Hoinar.Odyssey, the eighth edition of the classical music festival, explores in 2025 the theme of travel. It proposes a concept that brings together classical music, jazz, electronic sounds, contemporary theater, a musical, and new literature. The event, scheduled to take place between May 15 and May 20 at the ACT Theatre and the Romanian Athenaeum, […]
