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.
Demand for logistics and industrial space in Romania reached 750,000 square meters in the first nine months of 2025, a 30% increase compared with the same period last year, according to the Romania Industrial Marketbeat Q3 2025 report by real estate consultancy company Cushman & Wakefield Echinox. If the current pace continues, the total volume […]
Documentary Mondays and Fiction Tuesdays, the programs of the Czech Center in Bucharest, return between November 10 and November 25 with screenings of six contemporary and classic European films. Documentary Mondays, the Czech Center's longest-running film program, proposes documentaries that reflect on the present, memory, trauma, and the ways in which we relate to the […]
Booking Holdings Romania, Servier Pharma, JYSK Romania, Schneider Electric, and Deichmann are the most appreciated companies by their own employees, according to Top Employers Undelucram.ro 2025. The list is based exclusively on feedback from employees rather than public image or marketing perception. The ranking made by Undelucram.ro, a leading online employee community in Romania, is […]
On New Year’s Eve, the local authorities in Constanța will no longer organize the traditional fireworks display. The decision was made to protect animals as well as the environment. The seaside city of Constanța thus joins a growing list of cities in Romania to ban fireworks, Digi24 reported. Cluj-Napoca, Ploiești, Iași, and Brașov...
The Romanian Patriarchate announced the visiting schedule for the National Cathedral in Bucharest following the conclusion of an 11-day pilgrimage that drew hundreds of thousands of worshippers. Access for pilgrims to the Holy Altar is set to end at midnight on Wednesday, November 5, after continuous day-and-night visitation. According to the official announcement, the National […]
Prosecutors and police officers in Romania conducted 14 searches on Wednesday, November 5, in a case concerning fraud, forgery of official documents, computer forgery, and unauthorized practice of a profession or activity. Specifically, prosecutors say several doctors from the Republic of Moldova who already practice in Romania did not actually complete their residency. Although they […]
