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.
The Government of Romania, through its seaport company Administratia Porturilor Maritime (CNAMP), is close to buying Moldova's largest port, Giurgiulesti (PILG), from the European Bank for Reconstruction and Development (EBRD), announced Romania's Minister of Transport, Ciprian Șerban, speaking for
Bucharest’s Grigore Antipa Museum of Natural History is now offering an audio guide in Ukrainian. The guide, made in a partnership with Ukraine’s Embassy to Romania, adds to the museum’s existing ones in Romanian, English, and Turkish. The project is part of an initiative started by Ukraine’s first lady, Olena Zelenska, and rolled out in […]
The remains of Grigore Alexandru Ghica, a prince of Moldavia in the second half of the 19th century, have been brought back to Romania from France’s Le Mée-sur-Seine this past weekend. After lying in state at Cotroceni Palace, the headquarters of the Romanian Presidency, the coffin with his remains will travel to Focşani and Iaşi, […]
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
