The debt of public administration (governmental debt) has gone up, at the end of the first 8 months of 2021, to 550.34 billion lei, from 545.337 billion lei, after the first 7 months, according to the centralized data from the Ministry of Finance.Related to the GDP (Gross Domestic Product), Government debt has gone up to 49.7% at the end of August, from 49.3% of the GDP at the end of July.Medium and long term debt situated at 530.865 billion lei and the short-term debt at 19.474 billion lei.The largest part of this debt, namely 469 billion lei, was represented by Government securities. Loans were worth 73.109 billion lei.A sum of 251,406 billion was Government debt in lei, 255,154 billion lei were represented by Government debt expressed in Euro and 42.219 billion lei equivalent to American dollars in debt.Public administration debt was 534.598 billion lei at the end of August, of which 515.14 billion lei were on short and medium term. The largest part of the central administration's debt was contracted in Euro (251.254 billion lei, equivalent) and in lei (239.566 billion lei).The debt of local public administration was situated at 15.741 billion lei, of which 15.725 billion lei for medium and long term.According to the data from the Ministry of Finance, the foreign debt of public administration was situated at 282.404 billion lei (25.5% of the GDP), of which 277.848 billion lei foreign debt of the central public administration and 4.556 billion lei for the foreign debt of the local public administration.
Grampet Group, active in railway transportation, through its newly established subsidiary Biturom, has opened the largest bitumen melting capacity in Romania, according to Economica.net. The new facility, designed to deliver liquid bitumen for road construction projects in Romania and the Republic of Moldova, was opened on the industrial platform Rafo Onesti. ...
Romania plans to issue Samurai bonds and contract loans from multilateral banks such as EBRD or EIB to finance other green projects, finance minister Alexandru Nazare said at the CES ESG Conference 2025 in Bucharest on September 18. The country has already issued almost RON 10.8 billion (EUR 2 billion) in green bonds, allocated to […]
Romania’s construction works volume index surged by 41% y/y in July, with the capital repairs segment soaring by 67% y/y and the other segments rising by 30%-40% y/y, according to data published by the statistics office INS. The seasonally and workday adjusted index rose by 20% m/m. In H1, the construction works index rose by […]
Foreign minister Oana Țoiu leads the Romanian delegation to the 80th session of the United Nations General Assembly (UNGA) in New York this month, where she is scheduled to deliver Romania’s national address before world leaders. Țoiu’s visit to the United States runs from September 18 to 29 and will include meetings in Washington, Chicago, […]
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
