Romania's public debt will reach 49.1 - 49.2 pct of GDP at the end of the year, down from about 49.5 pct where it currently stands, Finance Minister Dan Vilceanu said on Tuesday, emphasizing that the nominal GDP will increase."We estimate that the public debt will get somewhere at 49.1-49.2 [percent of GDP, ed.n.], at the end of the year, given the projections of GDP after the revision. So we are on schedule. What I want to tell you is that, as you know, we have a loan plan - and a public debt management strategy based on which we make these loans - and we do nothing but what you know - because I already saw news yesterday, that the Ministry of Finance has borrowed again. You know very well that we have bids on Monday and Thursday," Dan Vilceanu mentioned.Regarding the budget deficit, the Minister of Finance specified that the authorities are focused on maintaining the negative balance at 7.13% of GDP."Today at 5:00 pm there will be a discussion in the Coalition and after this discussion we will know exactly if there are any changes and what they are. (...) We are very focused on maintaining the deficit. From the moment the handover-reception of the ministry with the prime minister was carried out, I was given this task not to exceed a 7.13 deficit. We are paying attention to this and to the way in which the ministries carry out their execution. We would not want to allocate money and that money not be spent. We borrow money and later the ministries do not spend the money and we all pay the interest," Vilceanu underlined.According to the estimates of CFA Romania analysts, the public debt will reach, in a 12-month horizon, approximately 52 pct of GDP.
Representatives of the “Agrippa Ionescu” hospital in Bucharest confirmed on Monday, June 16, that former president Ion Iliescu has lung cancer. Earlier this month, former president Traian Băsescu also underwent a planned heart surgery at a hospital in Paris. Iliescu, who is 95 and was president of Romania from 1989 until 1996 and from 2000 […]
The phenomenon of violence against women perpetrated by their partners is more prevalent in Romania compared to other EU states, according to Eurostat data processed by Monitorul Social, a project of Friedrich-Ebert-Stiftung Romania, or FES. Almost half of the women in Romania (45.5%) have suffered psychological violence from their intimate partner, compared to the EU […]
The European Bank for Reconstruction and Development, or EBRD, is set to invest EUR 40 million in the company behind the region’s Burger King franchise, the Polish holding company Rex Concepts. The money will go toward supporting the chain's expansion by opening new quick-service restaurants in Poland, Romania, and the Czech Republic. Rex Concepts, backed […]
Via Transilvanica, the long-distance trail that crosses the country, has unveiled a kilometer milestone on Șimian Island, an island on the Danube located downstream of Drobeta-Turnu Severin. It is a symbolic extension for the trail, which stretches from Putna, in northern Romania, to Drobeta Turnu Severin, marking seven years since the Via Transilvanica project began […]
In 1905, the first Siemens company was established in our country. Siemens S.R.L. has consistently invested in education and human capital development, providing scholarships worth nearly €1,900,000 to undergraduate, Master's, and PhD students, for over 10 years. The company maintains long-term collaborations with prestigious technical universities in Bucharest, Brașov, Cluj-Napoca, and Iași. In 2025, Siemens […]
The organizers of Bucharest's Neversea Kapital festival, scheduled for July 4–6, announced the names of two more guests that will complete the lineup, namely house sensation John Summit and techno star Paul Kalkbrenner. John Summit is a big name in the house and electronic dance genres. Recognized by Rolling Stone as “The Hottest Name in […]
