The government debt dropped, in March 2022, to 593.972 billion lei, from 596.9 billion lei the previous month, according to data centralized by the Finance Ministry. Reported to GDP, the public debt dropped slightly to 60.3% from 50.6% at the end of February. Medium and long term debt dropped to 573,586 billion lei in March, while the short term one went up to 20.386 billion lei.Most of that debt of 491.553 billion lei, was represented by state bonds. Loans amounted to 91.688 billion lei. 262.988 billion lei was the public debt in lei, 284.284 billion lei was the public debt in euros and 45,293 billion lei was the equivalent in US dollars. The debt of the central public administration was 577.122 billion lei at the end of March, of which 556.761 billion lei on medium and long term. The largest part of that debt was in euro (280.134 billion lei) and in lei (250.290 billion lei). The local public administration debt was 16.849 billion lei, of which 15.824 billion lei on medium and long term. According to Finance Ministry data, the foreign debt of the public administration was 303.630 billion lei (25.7% of GDP) of which 298.761 billion lei the foreign debt of the central public administration and 4.869 billion lei the foreign debt of the local public administration.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
