Romania's public administration debt (government debt) rose in April 2025 to RON 1,013.16 billion, from RON 998.196 billion in the previous month, according to data published by the Ministry of Finance (MF).As a percentage of the Gross Domestic Product (GDP), government debt increased to 56.6%, from 55.8% in March (GDP according to the National Institute of Statistics INS press release of July 10, 2025).In April 2025, medium- and long-term debt increased to RON 937.286 billion, from RON 923.08 billion in March 2025, and short-term debt increased to RON 75.87 billion, from RON 75.11 billion in the previous month.Most of the debt, namely RON 831.35 billion, was made up of government securities. The loans amounted to RON 162.85 billion.The debt in national currency amounted to RON 471.3 billion, the debt in euros to RON 444.73 billion, RON equivalent, and the debt in US dollars to 95.2 billion, RON equivalent.In April, the debt of the central public administration increased to RON 989.23 billion, from RON 974.44 billion in March 2025, including RON 913.39 billion in medium and long term. Most of the central administration's debt was contracted in RON (RON 452.47 billion) and in euros (RON 439.46 billion equivalent).The debt of the local public administration rose to RON 23.928 billion, from RON 23.748 billion in the previous month, including RON 23.897 billion in the medium and long term.At the same time, in the fourth month of 2025, the domestic debt of the public administration amounted to RON 508.7 billion (RON 503.05 billion in March 2025), which is 28.4% of GDP (28.1% of GDP in the previous month), RON 490.09 billion of which were the debt of the central administration and RON 18.601 billion the debt of the local administration.External debt of the public administration amounted to RON 504.46 billion (RON 495.14 billion in the previous month), which is 28.2% of GDP (27.7% of GDP in March 2025), including RON 499.136 billion in external debt of the central public administration and RON 5.32 billion was in external debt of the local public administration.
Exim Banca Romaneasca and Maschio Gaspardo Romania are carrying out a strategic partnership through which the Bank, in its capacity as Romania’s Export Credit Agency, supports the company’s exports, providing protection against various commercial and political risks associated with external markets. Maschio Gaspardo Romania, the largest local producer of agricultural machinery, with a production unit […]
Baritone Mihai Damian, a soloist of the Romanian National Opera in Cluj-Napoca, has won the Male Voice category’s first prize at this year’s edition of Operalia, the competition for young opera artists established by Plácido Domingo. He also won the competition’s Audience Award and the special award offered by the Ministry of Culture of Bulgaria, […]
Romanian apocalyptic sci-fi horror feature “We Put the World to Sleep” had its world premiere on October 18 at the Nightmares Film Festival, one of the most important horror and fantastic film festivals in the US. The film, a product of 9 years of work, won Best Midnight Feature and Best Supporting Performance. Next, it […]
Romanian president Nicușor Dan visited a team of researchers and students from ‘Grigore T. Popa’ University of Medicine and Pharmacy of Iași, the creators of the smallest artificial heart with applications for both adults and children, on Saturday, October 25. In 2023, UMF “Grigore Popa” announced that the Mavis Artificial Heart team from the higher […]
Brașov, the popular mountain city in central Romania, will no longer host a fireworks display on New Year’s Eve, the City Hall announced. The decision, the authorities say, aims to protect pets and wildlife from the stress and harm caused by loud explosions, as well as the environment from chemical pollution. Instead of fireworks, the […]
Romania’s Social Democratic Party (PSD), part of the governing centrist coalition, is backing District 4 mayor Daniel Băluță for the general mayor of Bucharest. Elections will take place on December 7. Interim party leader Sorin Grindeanu first talked about the appointment following discussions with the PSD in Bucharest. “We had a meeting with colleagues from […]
