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 first self-service mobile phone repair shop in Romania opened in the city of Iasi, aimed at promoting sustainability and the right of users to maintain their own devices in safe and efficient conditions. The initiative aims to promote the right to repair, following European Directive 2024/1799, to support the tech community and DIY repair […]
Ukrainian refugees living in Cluj County, central Romania, have restored a playground in the suburb of Florești as a sign of gratitude for the support offered by Romanians after the start of the war in Ukraine. According to representatives of the Association of Ukrainian Youth in Romania (or ATUR), this project was entirely funded and […]
The Brașov Jazz & Blues Festival returns for its 13th edition from August 14 to 17, transforming the city into a multi-stage celebration of jazz, blues, gospel, and live improvisation. This year's edition will take place in seven locations across Brașov and nearby areas, featuring live music, film screenings, jam sessions, and family-friendly activities. The […]
Affinity Life Care, the largest private network of residential centers for the elderly in Romania, announced the attraction of a growth equity investment from BlackPeak Capital, a private equity fund active in Southeastern Europe. At the moment, Affinity operates three centers in the most important areas of the Romanian capital, with a capacity of over […]
Tensions have emerged within Romania's ruling coalition following disagreements over the state funerals of former president Ion Iliescu. The Social Democratic Party (PSD) announced on Wednesday, August 6, that it would suspend participation in coalition meetings, citing what it described as "public incitement to hatred" from the Save Romania Union (USR). The dispute centers on […]
When you’re craving something out of the ordinary, Boromir’s collection of Slowly Leavened Croissants with Natural Sourdough is here to transform your snacking experience. We’ve turned your search for a unique, memorable flavor into a delightful range of croissants where every bite is a surprise. With their irresistible combination of textures and flavors, Boromir Croissants […]
