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).
Otilia Bordei, Roxana Ilie and Louis Juhel, a team of three seasoned experts with over 30 years of combined experience in the real estate market, are launching TREEE, a consulting company specialized in identifying and brokering office spaces. TREEE is dedicated to supporting companies in finding sustainable office solutions, thereby contributing to achieving environmental, social […]
A total of 26,033,372 passengers transited Romanian airports last year, a 6% increase compared to 2023, according to data from the Romanian Airports Association (AAR). The number of passengers traveling to international destinations increased by 7% compared to the previous year, while the number of passengers on domestic flights decreased...
Romania saw the largest percentage decrease in new fully electric cars registered in 2024, a nearly 33% drop, according to data from the European Automobile Manufacturers Association. Fully electric cars represented 10.1% of new cars sold in Romania in 2023. Last year, the figure dropped to 6.5%. Across Europe, 1.44 million new fully electric cars […]
The European Court of Human Rights (ECHR) decided on Tuesday, January 21, not to issue an interim measure in the case in which Călin Georgescu appealed the Romanian Constitutional Court’s decision to annul the 2024 presidential elections. The former candidate had requested that interim measures be given, indicating, in particular, that the top...
The Nădlac Salami, a traditional product from Arad county in western Romania, made using a recipe passed down through generations, has entered the registration process for a European quality system. The Nădlac Salami, traditionally part of the summer diet, is still made following ancestral tradition, according to Romania’s Ministry of Agriculture. The institution announced the […]
Vastint Romania, part of the VASTINT Group, an international company with over 30 years of experience in real estate, has signed a new lease agreement for an area of approximately 1,200 m² GLA with Softeh Plus, one of the most important developers of medical software systems in Romania. Softeh Plus will move its headquarters in […]
