Arrears in the general consolidated budget increased by 8.27% in August 2023 compared to the previous month, to 306.24 million lei, from 282.84 million lei in July, according to data published on the Ministry of Finance (MF) website. Arrears over 90 days increased by 51.6%, from 54 million lei to 81.9 million lei, those over 120 days decreased by 5.83%, from 151 million lei in July 2023 to 142.2 million lei in August 2023. Arrears over 360 days increased by 5.5%, from 77.9 million lei to 82.2 million lei. According to the quoted source, as regards local budgets, arrears increased by 8.9%, from 363.2 million lei (in July 2023) to 286.83 million lei (in August 2023). Debts over 90 days increased by 54% to 79 million lei, those over 120 days decreased by 5.45% to 135.5 million lei, while arrears over 360 days increased by 5.4% to 72.3 million lei. In the "State budget and autonomous" chapter, arrears decreased from 19.63 million lei in July 2023 to 19.41 million lei in August 2023 (-1.12%). Arrears over 90 days increased by 11.53% to 2.9 million lei, those over 120 days decreased by 13% to 6.7 million lei and those over 360 days increased by 5.37% to 9.8 million lei.
June is the richest month. The most awaited two weeks in my annual festival pilgrimage. The route starts with Romania’s Transilvania International Film Festival (TIFF), followed by Italy’s (and the world’s) most comprehensive festival for restored and archival film: Il Cinema Ritrovato. To shake up the traditional article on the two, I’ll start with the […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Roughly 70% of Romanians are “very” or “moderately” concerned about how AI accesses and uses their data, according to the latest survey conducted by RoCoach in partnership with Novel Research between May and June 2025. Distrust in automated decision-making and the demand for regulation are becoming more pronounced, as Romania rolls out major digitalization projects […]
The Armenian Street Festival returns for a 9th edition between August 1 and 3, 2025, in the “Dimitrie Brândză” Botanical Garden in Bucharest. The festival brings into focus the living heritage of the Armenian community in Romania and the diaspora. According to the organizers, this year’s edition aims to strengthen the Bucharest–Chișinău–Yerevan cultural axis, articulated […]
The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]
