The general government debt fell to 724.76 billion lei in June 2023, from 731.28 billion lei in the previous month, according to data the Finance Ministry (MF) released on Wednesday.As GDP percentage, government debt went down to 49.7% from 50.1% in May 2023.In June, medium- and long-term debt reduced to 695.23 billion lei from 697.84 billion lei in May 2023, while short-term debt fell to 29.53 billion lei from 33.44 billion lei in the previous month.Most of this debt, 605.9 billion lei, was represented by government securities. Loans amounted to 106.82 billion lei.Debt in euro amounted to 312.225 billion lei equivalent, debt in national currency to 337.154 billion lei, and debt in US dollars to 74.058 billion lei equivalent.Central government debt at the end of June 2023 was 706.03 billion lei, down from 712.51 billion lei in May, of which 676.53 billion lei was medium and long-term. Most of the central government debt was contracted in lei (322.53 billion lei) and in euro (308.117 billion lei equivalent).Local government debt decreased to 18.733 billion lei from 18.774 billion lei in May 2023, of which 18.7 billion lei medium and long-term.The general government domestic debt in June 2023 was 343.66 billion lei (23.6% of GDP), of which 329.67 billion lei was central government debt and 13.992 billion lei local government debt.According to MF data, the general government external debt was 381.098 billion lei (26.1% of GDP), of which 376.356 billion lei was central government external debt and 4.74 billion lei local government external debt.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
