The external debt of Romania increased by 15% y/y to EUR 161.3 billion at the end of September 2023, according to data published by the National Bank (BNR).
The debt-to-GDP ratio, however, decreased to 52.8% from 53.7% in September 2022 and 58.0% in September 2021.
The decrease in the country’s indebtedness metric, despite the notable advance in the nominal external debt, was possible thanks to the leap marked by the nominal GDP (+17.3% y/y for the 12-month GDP as of June...
This autumn, a mature linden tree on the campus of the British School of Bucharest (BSB) was relocated to a new position within the school grounds to make space for the development of new sports facilities. The operation, supervised by two UK specialists from Ruskins Trees & Soil Biology Ltd, represents the first such relocation […]
Romania continues to record the largest value-added tax gap in the European Union, losing around one-third of both VAT and corporate tax revenues, according to an analysis by PwC Romania based on the VAT Gap in Europe report by the European Union. The country has held the top position in VAT non-collection for the past […]
Romanian companies recorded higher profitability than peers in Bulgaria, the Czech Republic, Hungary, and Poland across nine economic sectors, positioning Romania among the most attractive regional markets for investors in selected industries, Ziarul Financiar reported, citing a joint study by the Bucharest...
Romania ranks 19th globally for mobile internet speed, surpassed not only by advanced economies in the region but also by neighboring countries, which have accelerated investments in mobile infrastructure and managed to achieve faster and more stable connections, according to Economica.net,...
Romania added 2.5 GW this year to its total solar power capacity, 45% more than last year and roughly one third of the total capacity expected at the end of the year (7.6 GW), according to Economica.net, citing data from the latest report by Solar Power Europe, the European photovoltaic industry association. The performance, combined […]
The volume of net investments in Romania’s economy rose by 8.8% y/y in Q3 in comparable prices, accelerating from a sluggish +1.0% y/y rate in H1, according to data published by the statistics office INS. The rebound points to stronger capital formation after a weak start to 2025. Indeed, gross fixed capital formation rebounded to […]
