The public administration debt (government debt) increased in September 2024 to 916.758 billion lei, from 886.983 billion lei in the previous month, according to data published by the Ministry of Finance (MF).As a percentage of the GDP, government debt rose to 54.4%, up from 52.7% in August (according to the report from the National Institute of Statistics on October 10, 2024).In the ninth month of the year, medium- and long-term debt increased to 859.9 billion lei, from 831.9 billion lei in August, while short-term debt rose to 56.858 billion lei, from 55.03 billion lei in the previous month.The largest portion of this debt, namely 774.83 billion lei, was represented by government bonds. Loans totaled 124.64 billion lei.The debt in the national currency stood at 435.754 billion lei, the debt in euro at 390.052 billion lei equivalent, and the debt in U.S. dollars at 89.8 billion lei equivalent.Additionally, central public administration debt reached 894.36 billion lei in September 2024, up from 864.74 billion lei in August, with 837.56 billion lei on medium and long-term debt. The majority of central government debt was contracted in lei (418.025 billion lei) and in euros (385.383 billion lei equivalent).The local public administration debt rose to 22.4 billion lei, from 22.23 billion lei in the previous month, with 22.34 billion lei on medium and long-term debt.At the same time, the domestic debt of the public administration in September 2024 was 442.792 billion lei, or 26.3% of the GDP (25.8% of GDP in August), of which 425.18 billion lei was the central government debt and 17.614 billion lei was the local government debt.According to MF data, the external debt of the public administration stood at 473.966 billion lei, or 28.1% of GDP (26.8% of the GDP in the previous month), of which 469.18 billion lei was the external debt of the central government and 4.785 billion lei was the external debt of the local public administration.
REHAU Window Solutions officially announces the expansion on the market of aluminium window and facade systems and launches on the Romanian market the Iconic W77 system, developed in partnership with Elvial. The new aluminium solutions come as a complement to the portfolio consisting of the classic PVC systems that have won awards over the years […]
Rallies meant to show Romanians’ support for EU membership will take place on March 15 in Bucharest and several other cities. The rallies, held under the name Euromanifest, are not associated with any party or candidate. Instead, they are the result of a civic initiative organized by people who believe in democracy, freedom of expression, […]
IBM announced the opening of a new Innovation Lab in Bucharest in collaboration with Amazon Web Services (AWS). Located at the IBM Client Innovation Centre, the lab is set to serve clients from 22 countries, offering hands-on access to cutting-edge technologies, including agentic AI and generative AI solutions built using Amazon...
Hanul lui Manuc, Carul cu Bere, Curtea Berarilor, and Arcade Cafe, all very well-known restaurants located in Bucharest’s central and touristic Old Town, were temporarily closed by inspectors from the National Authority for Consumer Protection (ANPC). Inspectors found multiple violations, including improper food storage, unsanitary kitchen utensils, and frozen food with ice deposits. Fines totaling […]
Crin Antonescu, the candidate backed by the Romanian coalition made up of the Social Democrats (PSD), Liberals (PNL), and the Hungarians Alliance (UDMR), said he is “unwavering” after submitting his candidacy file for the presidential elections on Sunday, March 9. Antonescu promised he would unite and strengthen the nation in front of supporters and critics, […]
Romania’s National Meteorological Administration (ANM) announced that a mass of air containing Saharan dust will reach Romania starting on Tuesday morning, March 11. Between March 9 and 13, the southwesterly air circulation will favor the advance of an air mass loaded with dust particles of Saharan origin from North Africa towards southeastern Europe and over […]
