The debt of public administration (governmental debt) has gone up, at the end of the first 8 months of 2021, to 550.34 billion lei, from 545.337 billion lei, after the first 7 months, according to the centralized data from the Ministry of Finance.Related to the GDP (Gross Domestic Product), Government debt has gone up to 49.7% at the end of August, from 49.3% of the GDP at the end of July.Medium and long term debt situated at 530.865 billion lei and the short-term debt at 19.474 billion lei.The largest part of this debt, namely 469 billion lei, was represented by Government securities. Loans were worth 73.109 billion lei.A sum of 251,406 billion was Government debt in lei, 255,154 billion lei were represented by Government debt expressed in Euro and 42.219 billion lei equivalent to American dollars in debt.Public administration debt was 534.598 billion lei at the end of August, of which 515.14 billion lei were on short and medium term. The largest part of the central administration's debt was contracted in Euro (251.254 billion lei, equivalent) and in lei (239.566 billion lei).The debt of local public administration was situated at 15.741 billion lei, of which 15.725 billion lei for medium and long term.According to the data from the Ministry of Finance, the foreign debt of public administration was situated at 282.404 billion lei (25.5% of the GDP), of which 277.848 billion lei foreign debt of the central public administration and 4.556 billion lei for the foreign debt of the local public administration.
President Nicușor Dan stated on Monday, November 10, that Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. “Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. Why? First of all, because it has a […]
Officials in the mountain resort town of Râșnov, central Romania, have issued an urban planning certificate for the transformation of a Boeing 737 airplane into a premium accommodation unit. The plane will be placed near the famous Bran Castle, and organizers expect it to become a tourist attraction. “The project is located in the Pănicel […]
Traffic (Jaful Secolului), a Romania-Belgium-Netherlands co-production directed by Belgian-Romanian director Teodora Ana Mihai from a screenplay by Romanian filmmaker Cristian Mungiu, has received the award for best film at the Tertio Millennio International Film Festival in Rome. The jury of the festival noted in its motivation the film's "ability to combine formal rigor and human […]
The Romanian Justice Ministry advanced a legislative initiative according to which femicide could be punished with life imprisonment. The proposal comes after numerous women were killed this year by former partners, despite protection orders. The debate about femicide in Romania was brought back to the fore after another tragedy took place on Saturday, November 9, […]
Cultural center Apollo111, located in downtown Bucharest’s Universul Palace, has announced the program of arthouse films Apollo111 Cinema. The performance venue of Apollo 111 has been refurbished and endowed for professional film screenings. It will run a weekly program of contemporary and classic auteur films, meetings with filmmakers, and an experimental area, meant to “explore […]
Chinese consumer electronics manufacturer Xiaomi announced the official opening of its first own store in Romania, in Bucharest, inside the ParkLake shopping center, on the ground floor, on November 22. The new store will have a surface area of 150 square meters and will bring to the public the latest smartphones, accessories, and smart devices […]
