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.
The members of RoLUG (Romanian LEGO Users Group), with support from LEGO Romania, have built the largest LEGO brick diorama in the world. Guinness World Records recognized the Star Wars-inspired model at the 2024 East European Comic Con. More than 1 million LEGO bricks were used for the diorama. Its total area of 45,746 square […]
One in three (36.1%) survey participants allocate more than 5 hours weekly to reading. 3 out of 4 respondents consider reading important for well-being and actively include it in their daily routines. The budget allocated is between 50-150 RON monthly for 60% of readers. Libris, a leading online bookstore in Romania, conducted an...
Romanian president Klaus Iohannis met with South Korea’s leader Yoon Suk Yeol on Tuesday, April 23, during an official visit to Seoul. Discussions focused on expanding the two countries’ bilateral cooperation, including in the defense sector. “Substantive discussions with president Yoon Suk Yeol, on the occasion of my official visit to the Republic of Korea. […]
Two years after the official opening of the first Popeyes restaurant in Romania, the American fried chicken chain decided to expand outside of Bucharest. The brand will inaugurate a restaurant in Pitești on Thursday, April 25, when the city’s new Argeș Mall also opens. The expansion of Popeyes is part of a more ambitious plan […]
Cannes Film Festival announced new additions to the 2024 official selection, and two Romanian productions are on the list. Trei kilometri până la capătul lumii/Three kilometers to the end of the world, the feature directed by Emanuel Pârvu, entered the competition, while Nasty, Tudor Giurgiu's documentary about tennis legend Ilie Năstase, has been selected in the special screenings category. […]
The Association of Romania's Wood Industry (AIL) accuses Greenpeace and Agent Green of attacking the entire wood processing industry with no grounds, furthermore misleadingly using specific terms to magnify the impact of its rhetoric in the international media. The two NGOs cultivate confusion between the term "old forests" (a legally undefined term) and the term […]
