Romania’s public debt, as measured by the EU methodology, rose by RON 16 billion or EUR 3.3 billion in July, which is a lot for a slow summer month with no FX bonds, according to data published by the Finance Ministry.
Under the national definition of public debt, which includes borrowing from the government’s reserve fund held by the Treasury, public debt remained steady at RON 1,033 billion, or 58.5% of the year’s projected GDP.
However, July proved active for public borrowing....
Former prime minister Victor Ponta, still a member of the Social Democratic Party (PSD) and an adviser to PM Marcel Ciolacu despite his pro-sovereignist statements, confirmed that he does not rule out entering this year's presidential race. He said, "I have no one to vote for," and indicated that the current ruling coalition has no […]
Romania’s gross domestic product (GDP) per capita, adjusted for purchasing power parity (PPP), reached 78% of the European Union average in 2023 (74% in 2022), according to data from the statistics office INS confirmed by Eurostat. Poland and Hungary followed closely, both at 77% of the EU average. The lowest GDP per capita relative to the EU average […]
Romania’s economy will accelerate to a 1.8% growth rate in 2025 and 2.5% in 2026, according to the forecast issued by UniCredit for the region. The strongest growth rate this year is expected in Serbia (over 4% y/y), with Slovakia (+1.6%) marking the weakest performance. Wages will continue to grow in the region, outpacing inflation and […]
The volume of natural gas used by Romania in the first eleven months of 2024 decreased by 2.7% y/y to 8.6 million tonnes of oil equivalent (toe) while its production edged up by 1% y/y to 6.9 million toe, according to data published by the statistics office INS. Imports of natural gas thus decreased by […]
The detergent and cleaning products manufacturer Sano, owned by the family of Israeli businessman of Romanian origin Bruno Landsberg, is preparing to develop a new logistics center near its factory in the western part of Bucharest (Pantelimon), for the storage of hygiene products, according to documents consulted by
The American FMCG group P&G increased the capital of its detergent factory Detergenti SA in Romania by RON 90 million (EUR 18 million) last year in November, according to Economica.net quoting data from the Trade Registry. Detergenti SA is controlled by...
