Public administration debt (government debt) fell to 860.132 billion RON in June 2024 from 862.344 billion RON in the previous month, according to data published by the Ministry of Finance.As a percentage of GDP, government debt fell slightly to 51.4%, from 51.5% in May (GDP according to the release of the National Institute of Statistics on September 6, 2024).In the sixth month of the year, medium- and long-term debt declined to 809.139 billion RON from 810.612 billion RON in May, while short-term debt fell to 50.993 billion RON from 51.731 billion RON in the previous month.The bulk of this debt amounting to 720.887 billion RON, was government securities. Loans amounted to 123.67 billion RON.Debt in national currency amounted to 402.655 billion RON, that in EUR to 371.376 billion RON equivalent, and debt in US dollars to 84.946 billion RON equivalent.The debt of the central general government had also reached 838.528 billion RON in June 2024, down from 840.798 billion RON in May, of which 787.5 billion RON in the medium and long-term. Most of the central government debt was contracted in RON (385.5 billion RON) and in EUR (366.93 billion RON equivalent).Local government debt rose to 21.603 billion RON from 21.546 billion RON in the previous month, of which 21.571 billion RON in the medium and long-term.At the same time, in June 2024, the general government domestic debt amounted to 415.229 billion RON (24.8% of GDP), of which 398.21 billion RON was central government debt and 17.018 billion RON local government debt.According to MF data, the external debt of the public administration stood at 444.9 billion RON (26.6% of GDP), of which 440.317 billion RON the external debt of the central public administration and 4.585 billion RON the external debt of the local public administration.
Step into 2025 with music, excitement, and unforgettable performances! New Year’s Eve at JW Marriott Bucharest Grand Hotel is not just a celebration – it’s a grand spectacle where world-class entertainment, live music, and vibrant energy come together for a night to remember. This year, we’ve curated a sensational lineup of artists and performers to […]
The Bucharest Police recently announced that the city will host several commemorative ceremonies marking 35 years since the Romanian Revolution of December 1989, causing traffic restrictions around the city. The restrictions will be in place from Friday to Sunday, December 20-22, 2024. On Friday, December 20, at around 10:00 AM, a religious/military ceremony with wreath-laying […]
Alex Florența, the General Prosecutor of Romania, said on Friday, December 20, that harsher punishments are needed to combat incitement to violence and Legionnaire propaganda (related to Mișcarea Legionară, a Romanian interwar fascist movement) in public spaces effectively. To that end, the office of the General Prosecutor will propose new measures to combat such phenomena. However, […]
Dennis Lloyd, Inna, Damian & Brothers, and Killa Fonic are among the artists who will perform at Flight Festival 2025. The festival is scheduled to take place between June 20 and June 22 at Timișoara’s Banat Village Museum. For three days, the venue “will open its doors for an experience that combines music, nature, and […]
Around 67% of Romanians believe that the economic situation will worsen, 7% higher than the previous year, according to the EY Consumer Index Romania 2024. Findings suggest a challenging start of 2025 both economically and politically in Romania. Additionally, in 2024, more than half of respondents (59%) were extremely concerned about conflicts and external wars. […]
Polish LuxVet Group has acquired the Bucharest veterinary clinic RegalVet. The acquisition brings LuxVet’s local portfolio to five clinics and hospitals, one year after entering the local market. RegalVet Veterinary Clinic, which offers non-stop veterinary care, specializes in emergency veterinary medicine and surgery. The clinic employs ten qualified specialists, including veterinarians, technicians, and administrative staff. […]
