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.
T2Y Capital, a financial investor specializing in growth capital with a focus on the energy sector and adjacent industries, announced it was investing in Prime Batteries Energy Holding, thus becoming the second-largest shareholder of the Romanian company with headquarters in Bucharest. T2Y Capital will take a seat on the Board of Directors and support Prime […]
More than half of Romanians (58%) are concerned about the country's economic situation, and inflation remains a central concern for one in five respondents to a survey conducted at the European level by Ipsos for ING Group in May-June 2025. The research analyzed the main concerns of Romanians in the context of the current economic […]
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
Measured in local currency, the wealth of citizens in Hungary increased the most in Europe last year, followed by Lithuania and Sweden. In Romania, the median wealth increased by 9.1%, but the long-term average wealth trend decreased, according to a recent report by the multinational investment bank UBS, cited by Euronews. Net wealth per citizen […]
Picture your ideal event - a special gathering that’s personal, elegant, and deeply memorable. Now imagine achieving this effortlessly, in a location meaningful to you, anywhere in Bucharest. JW Marriott Bucharest Grand Hotel brings its celebrated five-star hospitality beyond traditional boundaries, making truly refined occasions possible wherever your imagination takes you. At the heart of […]
The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
