Romanian government's debt increased to 602.871 billion lei in April 2022 from 593.972 billion lei in March 2022, according to data with the Ministry of Finance (MF).Relative to GDP, the government debt rose to 49.2% from 48.4% at the end of March.Medium and long-term debt increased in April to 582.983 billion lei, while the short-term debt decreased to 19.888 billion lei.Most of the debt, or 498.646 billion lei, is in the form of government securities. Loans amounted to 94.522 billion lei.As much as 264.98 billion lei was government debt denominated in lei, 288.915 billion lei was government debt denominated in euros and 47.592 billion lei US dollar debt.At the end of April, the national government debt amounted to 585.44 billion lei, 565.566 billion lei of which in medium and long-term debt. Most of the debt was euro denominated (284.787 billion lei equivalent) and in lei (251.677 billion lei).At the end of April, the debt of the local public administration amounted to 17.431 billion lei, of which 17.417 billion lei in medium and long-term debt.According to the MF data, Romania's external debt was 307.088 billion lei (25% of GDP), of which 302.207 billion held by the central public administration and 4.881 billion lei by the local public administration.
US Secretary of State Marco Rubio, on July 31, had a conversation with Romanian Foreign Minister Oana Țoiu about the most important aspects of bilateral relations. In a post on X, Țoiu said her visit to the US, planned for September, would prepare President Nicușor Dan's official visit to Washington early next year. I had […]
Romanian technology group Visual Fan, best known for its consumer electronics brand Allview, announced that it has signed a partnership with Trina Storage, the energy storage division of the Chinese company Trina Solar, for the development of a battery energy storage system in Topliţa, with a capacity of 65 MWh. This is the first project […]
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective) […]
Romania has completed the renegotiation process of the National Recovery and Resilience Plan (NRRP) with the European Commission, a process that has been going on for more than a year, Minister of Investments and European Projects Dragoș Pîslaru said on July 31, during a press conference, according to
President Nicusor Dan on Thursday stated that there is still discrimination in Romanian society, while people tend to avoid responsibility.He participated in the ceremony marking the European Day of Commemoration of the Victims of the Holocaust against the Roma."May God forgive them! It is our obligation to know our history and to assume our history, […]
