The Government approved, on Friday, the memorandum on the Government Public Debt Management Strategy 2025-2027.According to a press release from the Executive, this strategy provides the Ministry of Finance's mode of action to improve the structure of the public debt portfolio and the principles that will underpin financing decisions."The objectives of the Ministry of Finance in managing the government public debt for the period 2025-2027 remain similar to those provided for in the previous Strategy, namely: ensuring the financing needs of the central public administration while minimizing costs in the medium and long term; limiting the risks associated with the government debt portfolio; developing the domestic market for government securities," the cited source mentions.The Ministry of Finance aims to ensure the financing necessary to cover the budget deficit and refinance public debt with priority in the national currency, in correlation with the absorption capacity of the domestic market for government securities, in the conditions of maintaining high budget deficits and because Romania has been in the excessive deficit procedure since 2020, the Government says.It is also considering accessing external financial markets, depending on the opportunities offered by them, "aiming to expand the average maturity of the public debt portfolio and diversify the investor base," the quote states."At the same time, the policy of contracting loans from international financial institutions (EIB, IBRD, EBRD, etc.) will be continued in order to ensure robust sources of financing and to ensure the minimization of costs in the medium and long term," the Executive informs.The implementation of the Strategy will be monitored monthly, by tracking the evolution of debt indicators compared to the established targets and publishing them in the Monthly Public Debt Bulletin, published on the website of the Ministry of Finance. (Photo:https://gov.ro/)
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
