The general consolidated budget deficit climbed to 3.35 pct of GDP after the first eight months of this year, from 2.89 pct of GDP after seven months, yet the negative balance is decreasing compared to the same period last year.According to the budget execution published on Monday by the Ministry of Finance, after the first eight months of 2021 the deficit of the general consolidated budget amounted to 39.36 billion lei (3.35 pct of GDP), down from the deficit of 54.77 billion lei (5.19 pct of GDP), registered in the same period of 2020.After the first seven months of this year, the budget closed on a deficit of 33.97 billion lei (2.89 pct of GDP)."This positive evolution was determined by: the increase in budget revenues by 1.42 percentage points of GDP (YOY), mainly influenced by the advance of VAT receipts and European funds; the reduction of budgetary expenditures by 0.42 percentage points of GDP (YOY), as a result of the decrease in the share of expenditures on salaries in GDP. At the same time, in January-August 2021, the investment expenses were by 6.08 billion lei higher than in the same period of the previous year, and the exceptional payments generated by the COVID-19 epidemic amounted to 9.77 billion lei (15.85 billion lei, respectively 1.3 pct of GDP)," the Ministry of Finance said.
The exit polls published on Sunday, December 7, at 9 PM, give Ciprian Ciucu as the winner of the elections for Bucharest's new general mayor. The candidate backed by the center-right National Liberal Party won 32.7% of the votes, over 6% ahead of Daniel Băluță, who was backed by PNL’s coalition partner, the Social Democratic […]
Close to 1.8 million Bucharest residents are expected to cast their ballot on Sunday, December 7, to elect the city's next mayor. The post has been vacant since Nicușor Dan was elected president this May. He had secured a second mandate as mayor of Bucharest in June 2024, having won over 48% of the votes. […]
I am a bit late to the party, but I have thoughts (and concerns) on Radu Jude’s much talked-about Dracula, and even more thoughts (and compliments) on other films that I fear might have gone under the radar a bit. Let’s go! There is no more recognizable marketing asset for the local tourism (and no […]
Waterdrop®, brandul european care a redefinit experiența de hidratare prin soluții sustenabile și design minimalist, lansează în România colecția AO26 în Ediție Limitată, inspirată de dinamica și ritmul inconfundabil al Australian Open. Noua colecție aduce în prim-plan produse create pentru cei care își doresc hidratare de nivel profesionist în viața de zi cu zi, de […]
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. “This award is about people. About those who choose, every single day, to believe in this company, […]
