The gross government debt according to the EU methodology will be maintained, in the period 2024 - 2027, at a level that will not exceed 52.5% of the GDP, according to the Report on the macroeconomic situation in 2024 and its projection for 2025-2027, the Ministry of Finance (MF) published on Wednesday."In the medium term (2024 - 2027), the gross government debt according to the EU methodology will remain at a level not exceeding 52.5% of the GDP, below 60% of GDP, while the net government debt (gross government debt minus liquid financial assets) will not exceed 47.5% of the GDP," the report said.According to the document, in the medium term, the Ministry of Finance will pursue the objectives set out in the Government Debt Management Strategy for the period 2023-2025, namely: ensuring the financing needs of the central government while minimising medium and long-term costs; limiting the risks associated with the government debt portfolio; developing the domestic government securities market."The Ministry of Finance's policy is to provide financing predominantly in domestic currency, which will further facilitate the development of the domestic government securities market and at the same time support the reduction of exposure to foreign exchange risk, while taking into account the absorptive capacity of the domestic market as well as the need to diversify the investor base in government securities. Issues in euro on the domestic market will be considered for medium maturities, depending on market conditions and the appetite shown by the investment environment, under the conditions of an advantageous maturity/cost ratio," the report reads.In order to diversify the investor base and increase the accessibility of individuals to purchase government securities, the issuance of government securities to the general public will continue.At the same time, loans from international financial institutions (IBRD, EIB, EBRD, EBRD, etc.), as well as the amounts related to the loan component for the implementation of the National Recovery and Resilience Plan will contribute to the objective of minimising long-term financing costs.In order to improve public debt management and to avoid seasonal pressures in securing sources of financing for the budget deficit and refinancing government debt, the Ministry of Finance intends to continue the policy of maintaining a foreign currency financial reserve (buffer) at the disposal of the State Treasury, covering up to 4 months of gross financing needs.
Romanian tissue and sanitary paper products producer Elfi announced investments of EUR 10 million in 2025 to expand production capacity. The project involves the construction of a new production hall and the installation of a state-of-the-art production line, which will allow the company to operate three production lines and double its current capacity. In 2024, […]
With the investment fund Accession Capital Partners and the private equity fund Invenio Partners as majority shareholders since the end of 2024, the Romanian coffee chop chain 5 to go targets the Southeastern European market, according to Profit.ro and
Romanian lithium-ion battery manufacturer Prime Batteries Technology, founded and controlled by Romanian entrepreneur Adrian Polec, has entered into a collaboration with Arrow Electronics and NXP Semiconductors to launch a next-generation battery energy storage system - BESS platform, according to
Romania’s headline inflation remained steady at just under 4.9% y/y in April, in line with consensus expectations, as the average prices increased by a mere 0.07% in the month, according to the data published by the statistics office INS on May 13. Core inflation remained at 5.3% y/y as well. The National Bank of Romania […]
Moldovan president Maia Sandu voiced her support on Tuesday evening, May 13, for Nicușor Dan, the independent candidate in Romania’s presidential election, and urged Moldovans with Romanian citizenship to vote on Sunday to protect Romania’s European and democratic progress. In a video shared on social media, Sandu praised Dan’s “decency, resilience, and respect for the […]
Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]
