The financial assets of the public administration sector decreased by 0,4 percentage points in the first quarter of 2021, reaching 24.4% of GDP, according to data centralized by the National Bank of Romania (BNR).The public administration's deposits and cash decreased by 0.6 percentage points in the second quarter of this year, compared to the same period in 2020, and accounted for 4.3% of GDP. Stock holdings and other state participations decreased by 0.2 percentage points, reaching 10.3% of GDP, and the position of other accounts receivable (taxes, duties, social contributions, trade receivables, amounts owed by economic agents to public authorities and external receivables) increased by 0.3 percentage points, reaching 7% of GDP.The financial commitments of the public administration recorded an increase of 5.4 percentage points at the end of Q2 2021, in comparison to the same quarter of the prior year, representing 55.6% of the Gross Domestic Product"This increase is largely explained by the evolution of issues of titles depending on nature of debt, launched both to finance the budget deficit, as well as to re-finance the public debt. Thus, on April 7, current year, the Finance Ministry launched a euro-bond issue on the international capital market, with a total value of 3.5 billion euro. In Q2 of 2021, this debt instrument represented 40.6 pct of the GDP, by 4.2 percentage points more than in the same period of the previous year. The balance of committed appropriations increased by 1.3 percentage points in the analyzed period, reaching 6.5% of GDP, and the items in the category of other amounts payable diminished by 0.1 percentage points, down to 7.8% from GDP," mentions the BNR.
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
Nearly nine in ten Romanians expect to spend less or no more than last year on Christmas shopping, according to a new survey by tbi bank that highlights the impact of rising prices on household budgets ahead of the winter holidays. The nationwide poll, conducted in October on a sample of 1,011 respondents, shows that […]
A total of 77% of homeowners who answered a survey by ING and Ipsos said they implemented measures in the past three years to improve energy efficiency. The need to save on energy bills was the main driver of household modernization, the survey showed. Most respondents (62%) said they did so to reduce energy costs, […]
The Romanian Constitutional Court (CCR) has ruled that a series of tax increases, including higher levies on housing, land, cars based on pollution norms, and stock market gains, may take effect starting January 1, 2026, Biziday.ro reported. The Court rejected a challenge filed by the opposition party AUR against the government’s fiscal reform law, on […]
A major animal-welfare campaign is happening in Iași this weekend, where one of Romania’s biggest charitable events dedicated to shelter animals will take place this Saturday, December 13. Now in its 18th edition, Ai cumva o păturică? (Do you happen to have a blanket?) aims to expand nationally starting in 2026. This year’s event begins […]
Cluj-Napoca, in western Romania, will host next year the first edition of the Central European Olympiad in Artificial Intelligence (CEOAI), an annual competition for secondary school students, Edupedu.ro reported. The event will be held from July 14 to July 19, 2026, at Babeş-Bolyai University in Cluj. The...
