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.
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 […]
