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.
Dacia Sandero was Europe’s top-selling car in July, the fourth monthly sales win for the small hatchback in 2025. The others came in January, February, and March. By outselling its competitors, the Sandero put an end to the three-month streak in which Renault Clio dominated this ranking, noted Autonews.com. After the first seven months of this […]
A 73-year-old motorcyclist was bitten by a bear on the famous Transfăgărășan mountain road on Saturday, August 23, according to the Argeș County Police Inspectorate. The incident took place in the Valea lui Stan area, on the road section between Poenari Fortress and Vidraru Dam. According to the police, the man “stopped on the road […]
Romania’s Foreign Ministry - MAE recently released a draft project to reintroduce a series of fees for consular services. The new fees will apply for certain categories of consular services at Romania’s diplomatic missions and consular offices abroad and will be published for public consultation on the MAE website. The new measures come as the government […]
Romania’s first bicycle path built on river dikes will be completed within three months, officials announced Sunday, August 24, in Bihor County, as reported by news agency Agerpres. Stretching 192 kilometers along the Ier, Barcău, Crișul Repede, Canalul Colector, and Crișul Negru rivers, the project...
Archaeologists have uncovered a remarkable treasure at the ancient site of Histria, shedding new light on daily life in the city during the Roman era, the National Museum of History of Romania (MNIR) announced. The discovery was made in the “Great Gate – Great Tower” sector, where a hoard of more than 40 coins and […]
Romanian tennis player Sorana Cîrstea jumped 41 places in the official Women’s Tennis Association - WTA ranking after winning the Cleveland tournament, which took place between August 16 and 23. The Romanian bested Anna Li 6-2, 6-4 in the Cleveland final, winning her third career WTA singles title. “It has been a wonderful week,” Cirstea […]
