Romania's public administration debt (government debt) widened in July 2023 to RON 733.87 billion from RON 724.76 billion in the previous month, according to data published by the Ministry of Finance.As a percentage of the Gross Domestic Product (GDP), government debt rose to 49% from 48.4% in June 2023.In July, the medium and long-term debt increased to RON 697.32 billion, from RON 695.23 billion in June 2023, and the short-term debt increased to RON 36.55 billion from RON 29.53 billion in the previous month.The largest part of this debt, namely RON 616.69 billion, was made up of state securities. Related loans amounted to RON 104.63 billion.The debt stated in the national currency, the leu (RON), amounted to RON 350.47 billion, when stated in the single European currency, the euro, it was the equivalent of RON 309.75 billion, and when stated in the US dollar it was the equivalent of RON 72.06 billion.The debt of the central public administration at the end of July 2023 was standing at RON 715.13 billion, up from RON 706.03 billion in June, including RON 678.6 billion in the medium and long term debt. Most of the borrowings of the central administration were in RON - RON 335.79 billion - and in euros - RON 305.68 billion, equivalent.The debt of the local public administration rose to RON 18.74 billion, from RON 18.733 billion in June 2023, including RON 18.705 billion in the medium and long term debt.The internal debt of the public administration was standing at RON 354.82 billion (23.7% of GDP) in July 2023, including RON 340.77 billion the debt of the central administration and RON 14.043 billion the debt of the local administration.According to the MF data, the external debt of the public administration was RON 379.05 billion (25.3% of GDP), including RON 374.354 billion in the external debt of the central public administration and almost RON 4.7 billion in the external debt of the local public administration.
Murillo Diosa Luis Alfonso, a Colombian man who intended to blow up strategic targets in Romania, was definitively sentenced on Monday, September 22, by the High Court of Cassation and Justice to six years in prison for attempted acts of sabotage. The Supreme Court dismissed the Colombian’s appeal, upholding the sentence handed down in June […]
Romanian real estate developer Nordis, which was embroiled in a national scandal at the beginning of the year for allegedly defrauding clients of EUR 200 million through a pyramid scheme, announced on Monday, September 22, that a new strategic investor is looking to take over its business. The investor, the Avangarde Group, is also active […]
Authorities carried out checks in several schools and hospitals in Bucharest and other cities in the country after threatening emails were received at official addresses, reportedly from abroad. Dozens of emails containing messages like “I will enter the school with two Beretta pistols,” or “I will cause a real massacre” were sent to schools and […]
Romanian filmmaker Radu Jude, one of Europe’s most acclaimed contemporary directors, has made his debut in the visual arts with the video installation Sleep #2, now on display at The Film Gallery in Paris. The show, running from September 22 to October 4, is supported by the Romanian Cultural Institute (ICR) through its Cantemir Program, […]
Romania has been elected to the Board of Governors of the International Atomic Energy Agency (IAEA) for a two-year mandate covering 2025–2027, the Ministry of Foreign Affairs (MAE) announced. This marks the country’s return to the 35-member body for the first time since 2010. The vote took place on Friday, September 19, the closing day […]
Romanian car brand Dacia has launched a new utility version of its well-known Duster car, the Cargo. The new car is intended exclusively for the United Kingdom. Dacia routinely launches utility versions of its cars, and a Pick-Up version was announced last week for the Duster as well. Like the Pick-Up, the Cargo is also […]
