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.
The Ministry of Sound Classical show will arrive in Romania for the first time in 2026. The event will take place at Romexpo - Pavilion B in Bucharest on December 12. The Ministry of Sound Classical concept blends iconic dance tracks with the power of a live symphony orchestra. The Bucharest edition will feature a […]
Residential developer Alesonor announced the appointment of the technology group for construction services STRABAG Romania as the general contractor for the construction of Phase II of the Amber Forest suburb, located in Tunari, Ilfov County - close to Bucharest. The project includes building a residential area that will include 172 housing units, comprising a total […]
Stanford professor and psychiatrist Dr. Anna Lembke, one of the most influential international voices in the field of addiction and mental health, will speak in Bucharest about digital dependency, burnout, and the attention crisis in the business environment at Impact Bucharest 2026. Lembke, the author of the global bestseller Dopamine Nation: Finding Balance in the […]
Bucharest’s flexible office market expanded strongly in 2025, with new deliveries tripling year-on-year and total stock reaching 74,000 sqm across 48 locations. The segment now accounts for more than 2% of the city’s modern office inventory, according to data released by real estate services firm iO Partners. Total flex supply grew by 8.1% compared with […]
Starting July 1, Romania will take over the rotating presidency of the South-East European Cooperation Process from Bulgaria until June 30, 2027. According to a statement from the Ministry of Foreign Affairs, Romania’s mandate will last one year and will be officially taken over at the SEECP Summit in Sofia, scheduled for June 2026. The institution […]
Bosch has appointed Dan Lăzărescu as director of its Engineering Center in Cluj, effective January 2026, in addition to his role as the group’s representative in Romania. The move marks a strategic step aimed at strengthening synergies between Bosch’s Romanian divisions, the company said. Lăzărescu, who has served as general manager of Robert Bosch S.R.L. […]
