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.
Bulgaria is in talks with the EU to transfer Covid patients to other member states due to a hospital-bed shortage, with hospitals and morgues in Romania also said to be at breaking point. There were currently more than 20 million people infected in eastern Europe, including Russia and Ukraine, according to a Reuters tally. "We […]
Stéphane Séjourné will helm the European Parliament's third-largest group, leaving MEPs wondering if he will be able to distance himself from the powerful French leader.
The National Museum of Art of Romania (MNAR) on Monday, October 25 will open for visit the Historical Spaces of the Royal Palace, between 10:00 and 18:00, on the 100th anniversary of the birth of King Mihai I.The public will be able to visit the Royal Dining Room, the Stairs of the Voivodes, the Throne […]
Three out of ten Romanians have credit cards, Finzoom concluded, based on a survey conducted online in Romania. In fact, due to the sample that apparently includes only part of those visiting Finzoom.ro website, the conclusion should be taken with a grain of salt since it is not relevant for the entire population of the country. […]
of the biggest banks - but when it comes to insurer country's supremacy in the region is not that robust. There's no Romanian insurer among the biggest seven regional players (not counting bankrupt City Insurance) that come from the tiny markets of Slovenia and Croatia. Automobile Dacia leads for the 7th consecutive year in […]
The rating agency Fitch reconfirmed Friday, October 22, 2021, the sovereign rating related to the government debt of Romania to the BBB- for the long-term debt in foreign currency and the negative outlook. "The agency's decision represents a signal for Romania to continue at a sustained pace the fiscal-budgetary policies, the reform and investment […]