The arrears of the general consolidated budget decreased by 14.3% in December 2023, as compared to the previous month, at 279.97 million lei, from 326.63 million lei in November, according to the data published on the site of the ministry of finances (MF).Arrears over 90 days decreased by 2.72% from 110.6 million lei to 107.6 million lei, those over 120 days decreased by 32% from 155.9 million lei in November 2023 to 106 million lei in December 2023. Arrears over 360 days increased by 10.3%, from 60.2 million lei to 66.4 million lei. According to the quoted source, as regards the local budgets, the arrears diminished by 15.6% from 304.86 million lei (in November 2023) at 257.31 million lei (December 2023).Debts over 90 days decreased by 5.14% to 101.5 million lei, those over 120 days decreased by 33.25% to 98.6 million lei, while arrears over 360 days increased by 14% to 57.2 million lei. In the "State budget and autonomous" chapter, arrears increased from 21.78 million lei in November 2023 to 22.66 million lei in December 2023 (+4%). Arrears over 90 days increased by 66.6% to 6 million lei, those over 120 days decreased by 9.8% to 7.4 million lei and those over 360 days decreased by 8% to 9.2 million lei.
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
A young Romanian has developed a new system that allows people to return entire bags of recyclable packaging at once, replacing the traditional method of inserting bottles one by one into reverse-vending machines. The concept, called IZI, was created by Ștefan Parascanu, who returned to Romania after studying and working in the United Kingdom. The […]
JTI, the global owner of both Winston and Camel, announced on Thursday, November 27, a plan to build a new, state-of-the-art factory in Ștefăneștii de Jos, Ilfov County. Designed to replace the current Bucharest production site, which is operating under space constraints, the facility is scheduled for completion in 2027. Ground works at the new […]
The City Hall of Oradea, in northwest Romania, has begun installing new smart parking meters as part of its ongoing modernization and digitalization of the municipal parking system. The first batch of devices has already been placed in central areas, and the entire system is expected to become operational by the end of the year. […]
Orange Romania announced the launch of the 5G+ technology in the Bucharest subway, becoming the first operator in the country to reach mobile data speeds of up to 1 Gbps in the underground network. The company has begun activating the technology in several stations and plans wider deployment in the coming weeks. The first 5G+ […]
