The government debt as of end-October 2022 stood at 651.508 billion RON, up from 646.073 billion RON in September and 577.521 billion RON at the end of 2021, shows data published by the Finance Ministry.The government debt-to-GDP ratio rose to 48 percent from 47.6 percent at the end of September.In October, the medium- and long-term debt amounted to 623.967 billion RON, while the short-term debt was 27.54 billion RON.Government securities account for the bulk of this amount - specifically 535.01 billion RON, while US dollar-denominated loans amounted to the equivalent of 103.29 billion RON.The debt in euros amounted to the equivalent of 301.069 billion RON, that in national currency was 288.986 billion RON, and the debt in US dollars amounted to the equivalent of 60.219 billion RON.At the end of October, the central public administration accounted for RON 634.012 billion of the public debt, of which RON 606.494 billion due in the medium and long term. The bulk of the central government debt is in euros (the equivalent of RON 296.8 billion) and in RON (275.762 billion).The local public administration accounts for RON 17.496 billion of the government debt, with RON 17.473 billion in the medium and long term.At the end of October, the internal debt of the public administration amounted to RON 321.837 billion (23.7 percent of GDP), of which RON 309.236 billion was the debt of the central administration and RON 12.601 billion was the debt of the local administration.According to the Public Finance Ministry, the public administration's foreign debt was RON 329.67 billion (24.3 percent of GDP), of which the central public administration accounts for RON 329.67 billion and the local public administration for RON 4.895 billion.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
