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.
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
