The public administration debt (government debt) stood at 552.385 billion lei at the end of the first ten months of 2021, down from 556.362 billion lei in September, according to the data centralized by the Ministry of Finance.In terms of GDP, the public debt accounted for 48.2pct of GDP at the end of October (48.5pct of GDP at the end of September 2021).The medium and long term debt amounted to 531.070 billion lei, and the short term debt to 21.314 billion lei.Most of this debt, approximately 469.29 billion lei, represented government securities. The loans amounted to 73.809 billion lei.An amount of 252.016 billion lei represented the government debt in lei, 255.957 billion lei represented the government debt in euros and 42.914 billion lei represented the equivalent debt in US dollars.At the end of October, the debt of the central public administration amounted to 536.367 billion lei, of which 515.079 billion lei represented the medium and long term debt. Most of the central government debt was contracted in euros (251.956 billion lei, equivalent) and in lei (240.001 billion lei).The debt of the local public administration amounted to 16.017 billion lei, of which 15,991 billion lei in the medium and long term.According to the Ministry of Public Finance, the external debt of the public administration accounted for 279.23 billion lei (24.4pct of GDP), of which 274.543 billion lei represented the external debt of the central public administration and 4.666 billion lei represented the external debt of the local public administration.
The Government of Romania, through its seaport company Administratia Porturilor Maritime (CNAMP), is close to buying Moldova's largest port, Giurgiulesti (PILG), from the European Bank for Reconstruction and Development (EBRD), announced Romania's Minister of Transport, Ciprian Șerban, speaking for
Bucharest’s Grigore Antipa Museum of Natural History is now offering an audio guide in Ukrainian. The guide, made in a partnership with Ukraine’s Embassy to Romania, adds to the museum’s existing ones in Romanian, English, and Turkish. The project is part of an initiative started by Ukraine’s first lady, Olena Zelenska, and rolled out in […]
The remains of Grigore Alexandru Ghica, a prince of Moldavia in the second half of the 19th century, have been brought back to Romania from France’s Le Mée-sur-Seine this past weekend. After lying in state at Cotroceni Palace, the headquarters of the Romanian Presidency, the coffin with his remains will travel to Focşani and Iaşi, […]
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
