Romania recorded a budget deficit of 6.6% of GDP last year, according to Eurostat data, being 0.3 percentage points higher compared to 2022. If we refer to the national methodology, it amounted to 5.68%, in while in 2022 it was 5.76%. According to Eurostat, ahead of us were Italy with 7.4% and Hungary with 6.7%. There were also countries with budget surpluses, such as Cyprus and Denmark (both +3.1%), Ireland (+1.7%) and Portugal (+1.2%). As a European average, the deficit is 3.5% in 2023, while in the euro area: 3.6%. The share of government debt to GDP in the European Union stood at 81.7% last year, falling from a level of 83.4% in 2022. The most indebted member countries are Greece (161.9%), Italy (137.7%), France (110.6%), Spain (107.7%) and Belgium (105.2%). At the opposite pole are Estonia (19.6%), Bulgaria (23.1%), Luxembourg (25.7%) and Denmark (29.3%). Romania recorded a public debt of 48.8% of GDP last year, one of the lowest in the European Union. In absolute figures, Romania’s government debt stood at 783.5 billion lei at the end of last year (48.8% of GDP), increasing from 665.4 billion lei at the end of 2022 (47.5% of GDP).
Over 107,000 people in Prahova and Dâmbovița counties, in southern Romania, have been without drinking water since Friday, November 28, due to problems at the Paltinu Dam. According to local authorities, the problems are set to persist until next week. The dam registered a drop in water levels, leading to problems in the water distribution system. […]
A special ‘Silent Day’ event will be held at the Bucharest Christmas Market in Constituției Square on Wednesday, December 3, aimed at creating a quieter and more accessible environment for children with sensory disabilities. The initiative is designed to make the festive market manageable for children who may struggle with loud noise, bright lights, and […]
Romanians have the highest level of trust in others in the European Union, according to the most recent Eurostat data for the year 2024, ahead of the usual leader of the ranking, Finland. The indicator ‘trust in others’ measures a person’s trust in people they do not know on a scale from 0 (‘I...
Monarc Development announces the acquisition, from a private investor with a strong reputation in premium real estate developments, of the strategic management and sales operations for a major urban project in Sector 1, valued at €27.5 million. The project is now being repositioned under the new identity Monarc Grivița 166, a contemporary serviced-residences concept with […]
Inter Computer Romania, part of Inter Computer Group (ICG), one of the largest IBM Platinum partners in Central and Eastern Europe, announces reaching €5 million in signed projects for 2025, an indicator of the accelerating demand for digitalization, data security, and AI-ready infrastructure initiatives. The company continues the development strategy announced at the beginning of […]
Former MEP Vlad Gheorghe has withdrawn from the race for the Bucharest City Hall and urged people to support the candidate of the National Liberal Party (PNL), district 6 mayor Ciprian Ciucu. The announcement was made in a press conference on Tuesday, December 2, alongside the latter. To motivate his decision, Gheorghe pointed at the […]
