Romania's government debt accounted for 48.5 percent of GDP at the end of September this year, below the 60 percent cap set by the Maastricht Treaty, the Finance Ministry said."According to data released by the National Institute of Statistics (INS) on December 7, 2021 on the estimated GDP for the third quarter of 2021, Romania's government debt stood at 48.5 percent of GDP at the end of September 2021, below the 60 percent cap set by the Maastricht Treaty. According to EU methodology, the government debt-to-GDP ratio is calculated by aggregating the quarterly GDPs achieved in the last 4 quarters as announced by the INS," the Finance Ministry said on Tuesday.In this context, the Ministry cites the latest Eurostat release from October 2021 on the evolution of the government debt of the EU member states as of the end of Q2 2021. Romania ranked 9th in the EU with a debt-to-GDP ratio of 47.5 percent, after Estonia (19.6 pct), Bulgaria (24.7 pct), Luxembourg (26.2 pct), Sweden (37.9 pct), Denmark (39.7 pct), the Czech Republic (42.7 pct), Latvia (43.3 pct) and Lithuania (44.6 pct), under the average ratio for the euro area (EA 19) (98.3 pct) and below the EU27 average (90.9 pct).Information on the public debt evolution, the activity on the primary and secondary market, as well as on the evolution of the risk indicators used in the implementation of the 2021 - 2023 Strategy for the management of the public government debt is available on the website of the Finance Ministry at the section Public debt - Statistics and presentations - Government debt.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
