The outstanding debts of the general consolidated budget increased by 8.83%, in November 2023, compared to the previous month, to 326.63 million RON, from 300.13 million RON in October, according to the data published on the website of the Ministry of Finance.Arrears over 90 days increased by 7.17%, from 103.2 million RON to 110.6 million RON, those over 120 days increased by 12.5%, from 138.5 million RON, in October 2023, to 155.9 million RON in November 2023. Arrears over 360 days increased by 2.9%, from 58.5 million RON to 60.2 million RON.According to the ministry's data, with regard to local budgets, outstanding debts increased by 9.6%, from 277.96 million RON (in October 2023) to 304.86 million RON (in November 2023).Debts over 90 days increased by 9.63%, to 107 million RON, those over 120 days increased by 12.4%, to 147.7 million RON, while arrears of more than 360 days increased by 2.65%, up to 50.2 million RON.In the "State and autonomous budget" chapter, arrears decreased from 22.17 million RON in October 2023 to 21.78 million RON in November 2023 (-1.76%).Outstanding debts over 90 days decreased by 34.55%, to 3.6 million RON, those over 120 days increased by 17.14%, to 8.2 million RON, and those over 360 of days increased by 4.16%, to 10 million RON.
Digitail, a provider of AI-powered practice management software for veterinary clinics, has raised USD 23 million in a series B funding led by Five Elms Capital. Existing investors Atomico, Partech, Byfounders, Gradient, and others also participated. This brings the company's total investment to over USD 37 million. The investment will enable Digitail to accelerate product […]
President Nicușor Dan intervened in the conflict sparked between recently-appointed deputy prime minister Oana Gheorghiu and the Superior Council of Magistracy, or CSM. The latter filed a criminal complaint against the former, after Gheorghiu stated that the magistrates’ pensions have to be cut. Specifically, Oana Gheorghiu stated during an interview on Digi24 that she understands […]
Romania’s former head of the Environmental Guard, Octavian Berceanu, has claimed he was offered a EUR 10 million bribe to intervene in a defense-related commercial deal, he revealed in an interview with Europa FM. According to Berceanu, the offer came...
Romania’s automobile output declined by 2.7% year-on-year in the first ten months of 2025 to 453,955 units, according to data published by the Romanian Automobile Manufacturers Association (ACAROM). Of the total, 245,765 cars were produced at Automobile Dacia’s Mioveni plant, marking a 5% decrease compared to the same period in 2024. Production at Ford Otosan’s […]
The Government intends to submit a new disbursement request for an amount exceeding EUR 2.5 billion in grants under the Resilience Facility by the end of November, prime minister Ilie Bolojan announced in a Facebook post, as cited by G4media...
Romania’s trade in goods posted a EUR 7.75 billion deficit in Q3, 7.6% smaller compared to the same period in 2024, according to data published by the statistics office INS. The trade gap expanded by 10.9% year-over-year (y/y) to EUR 16.7 billion in H1. It is still premature to conclude that fiscal consolidation has a […]
