Romania's government debt accounted for 48.5 percent of GDP at the end of September this year, below the 60 percent cap set by the Maastricht Treaty, the Finance Ministry said."According to data released by the National Institute of Statistics (INS) on December 7, 2021 on the estimated GDP for the third quarter of 2021, Romania's government debt stood at 48.5 percent of GDP at the end of September 2021, below the 60 percent cap set by the Maastricht Treaty. According to EU methodology, the government debt-to-GDP ratio is calculated by aggregating the quarterly GDPs achieved in the last 4 quarters as announced by the INS," the Finance Ministry said on Tuesday.In this context, the Ministry cites the latest Eurostat release from October 2021 on the evolution of the government debt of the EU member states as of the end of Q2 2021. Romania ranked 9th in the EU with a debt-to-GDP ratio of 47.5 percent, after Estonia (19.6 pct), Bulgaria (24.7 pct), Luxembourg (26.2 pct), Sweden (37.9 pct), Denmark (39.7 pct), the Czech Republic (42.7 pct), Latvia (43.3 pct) and Lithuania (44.6 pct), under the average ratio for the euro area (EA 19) (98.3 pct) and below the EU27 average (90.9 pct).Information on the public debt evolution, the activity on the primary and secondary market, as well as on the evolution of the risk indicators used in the implementation of the 2021 - 2023 Strategy for the management of the public government debt is available on the website of the Finance Ministry at the section Public debt - Statistics and presentations - Government debt.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
