The budget deficit rose to 8.65% of GDP last year, from 5.61% of GDP in 2023, according to data published on Wednesday evening by the Ministry of Finance.In the ESA system, a higher budget deficit was recorded in 2009 - 9.5% and in the year of the pandemic 2020 - 9.2%."The execution of the general consolidated budget for 2024, according to operational data, ended with a deficit of 152.72 billion RON, respectively 8.65% of GDP compared to the deficit of 90.06 billion RON, respectively 5.61% of GDP, for 2023", announced the Ministry of Finance.Total revenues amounted to 574.60 billion RON in 2024, registering an advance of 10.4% (year/year), supported by current revenue receipts (+17.4%): mainly insurance contributions, VAT, excise duties, payroll and income tax, profit tax and non-tax revenues, which also include the effects of the tax amnesty established by Emergency Ordinance no. 107/2024.The consolidated general budget expenditures in the amount of 727.32 billion RON increased in nominal terms by 19.1% compared to the previous year. Expressed as a percentage of Gross Domestic Product, expenditures for 2024 registered an increase of 3.16 percentage points compared to 2023, from 38.06% of GDP to 41.22% of GDP.The budget for 2024 was initially built on a deficit of 5% of GDP.
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
Alt.Real and RongoDesign have been named the winners of the 2025 Romania ClimAccelerator in the Seed Stage category, the organizers announced. The program is dedicated to supporting early-stage climate-focused startups. This year’s accelerator selected 25 startups split between two tracks: 10 in the Pre-Seed Stage for early teams with a validated idea and 15 in […]
This week, the EDIT association launched the mural “Write your story through sport,” dedicated to Olympic and world swimming champion David Popovici. The work, created by the Sweet Damage Crew on an area of approximately 400 sqm on Simion Bărnuțiu Street in Timișoara, is part of the Outline Streetart urban revitalization project and promotes sport, […]
Romania’s Artmark Group, a major operator in the art and collectibles market in Romania, Bulgaria, and Croatia, appointed Sorin Paul Suciu as Chief Executive Officer (CEO). Suciu takes over the operational and strategic coordination of the group in a phase of accelerated development, according to the company. He has over 25 years of experience in the […]
Romanian defense minister Ionuț Moșteanu resigned on Friday, November 28, after a scandal regarding inconsistencies in his resume triggered by a journalistic investigation. The controversy erupted after Libertatea reported that Moșteanu had falsely claimed in his first...
