The government debt as of end-November 2021 was RON 557.886 billion, up from RON 552.385 billion in the previous month, shows data centralized by the Finance Ministry and processed according to the EU methodology.The government debt-to-GDP ratio was 48.7 percent at the end of November (48.2 percent of GDP at the end of October 2021).The medium- and long-term debt stood at RON 536.067 billion, while the short-term debt was RON 21.819 billion.Government securities account for the bulk of this amount - specifically RON 473.858 billion, while loans total RON 73.968 billion.RON 257.288 billion of the government debt was in local currency, as much as RON 254.764 billion is denominated in euros and RON 44.289 billion is the equivalent of debt in US dollars.At the end of November, the central public administration accounted for RON 541.823 billion of the public debt, of which RON 520.032 due in the medium and long term. The bulk of the central government debt is in euros (the equivalent of RON 250.794 billion) and in RON (245.198 billion).The local public administration accounts for RON 16.062 billion of the government debt, with RON 16.034 billion in the medium and long term.According to the Public Finance Ministry, the public administration's foreign debt was RON 283.947 billion (24.8 percent of GDP), of which the central public administration accounts for RON 279.292 billion and the local public administration for RON 4.654 billion.
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 […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
