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.
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 […]
The Superior Council of Magistracy (CSM) has filed a criminal complaint against deputy prime minister Oana Gheorghiu, accusing her of “violating the independence of justice and the status of magistrates in an irresponsible and populist manner,” the institution announced. The move follows Gheorghiu’s recent comments on
Romanian producer Transavia announced it was expanding into the production of pet food with a RON 763 million (approximately EUR 150 million) factory in Ciugud, in Alba county. The investment is made entirely from the company’s own funds. With a built area of 65,000 sqm, the factory will produce a wide range of dry and...
President Nicușor Dan stated on Monday, November 10, that Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. “Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. Why? First of all, because it has a […]
Officials in the mountain resort town of Râșnov, central Romania, have issued an urban planning certificate for the transformation of a Boeing 737 airplane into a premium accommodation unit. The plane will be placed near the famous Bran Castle, and organizers expect it to become a tourist attraction. “The project is located in the Pănicel […]
Traffic (Jaful Secolului), a Romania-Belgium-Netherlands co-production directed by Belgian-Romanian director Teodora Ana Mihai from a screenplay by Romanian filmmaker Cristian Mungiu, has received the award for best film at the Tertio Millennio International Film Festival in Rome. The jury of the festival noted in its motivation the film's "ability to combine formal rigor and human […]
