The general government debt fell to 724.76 billion lei in June 2023, from 731.28 billion lei in the previous month, according to data the Finance Ministry (MF) released on Wednesday.As GDP percentage, government debt went down to 49.7% from 50.1% in May 2023.In June, medium- and long-term debt reduced to 695.23 billion lei from 697.84 billion lei in May 2023, while short-term debt fell to 29.53 billion lei from 33.44 billion lei in the previous month.Most of this debt, 605.9 billion lei, was represented by government securities. Loans amounted to 106.82 billion lei.Debt in euro amounted to 312.225 billion lei equivalent, debt in national currency to 337.154 billion lei, and debt in US dollars to 74.058 billion lei equivalent.Central government debt at the end of June 2023 was 706.03 billion lei, down from 712.51 billion lei in May, of which 676.53 billion lei was medium and long-term. Most of the central government debt was contracted in lei (322.53 billion lei) and in euro (308.117 billion lei equivalent).Local government debt decreased to 18.733 billion lei from 18.774 billion lei in May 2023, of which 18.7 billion lei medium and long-term.The general government domestic debt in June 2023 was 343.66 billion lei (23.6% of GDP), of which 329.67 billion lei was central government debt and 13.992 billion lei local government debt.According to MF data, the general government external debt was 381.098 billion lei (26.1% of GDP), of which 376.356 billion lei was central government external debt and 4.74 billion lei local government external debt.
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
