General government debt (general government debt) in March 2024 climbed to RON 845.098 billion from RON 841.292 billion in the previous month, according to data released by the Ministry of Finance (MoF). As a percentage of GDP, government debt increased to 51.9%, from 51.7% in January (GDP as per the National Institute of Statistics release dated June 7, 2024). In the third month of the year, medium- and long-term debt increased to MDL 795.023 billion from MDL 786.851 billion in February, while short-term debt fell to MDL 50.075 billion from MDL 54.441 billion in the previous month. The bulk of this debt, 695.566 billion lei, was government securities. Borrowing amounted to RON 113.692 billion. The debt in national currency was worth 382.502 billion lei, that in euro 355.513 billion lei equivalent, and the debt in American dollars at 84.147 billion equivalent lei.Central government debt had also reached RON 823.396 billion in March 2024, up from RON 820.105 billion in February, of which RON 773.353 billion was medium and long-term. Most of the central government debt was contracted in lei (RON 382.502 billion) and in euro (RON 355.513 billion equivalent). Local general government debt rose to RON 21.702 billion from RON 21.187 billion in the previous month, of which RON 21.669 billion medium and long-term. At the same time, general government domestic debt amounted to RON 411.076 billion (25.2% of GDP) in March 2024, of which RON 394.231 billion was central government debt and RON 16.845 billion local government debt. According to MF data, the general government external debt amounted to RON 434.021 billion (26.6% of GDP), of which RON 429.164 billion was central government external debt and RON 4.857 billion was local government external debt.
Cargus, one of Romania’s leading courier companies, recorded a 15% rise in delivery volumes over the Black Friday weekend, 7-10 November, compared to the same period in 2024. In total, the company delivered almost half a million parcels per day nationwide. These results confirm the positive trend of the e-commerce market and highlight Cargus’s strong […]
Romanian authorities carried out preventive evacuations in the village of Plauru in Tulcea county early Monday, November 17, after a drone attack on the Ukrainian port of Izmail ignited a liquefied petroleum gas (LPG) vessel located close to the Romanian border, officials said. The fire, triggered during overnight strikes by Russian forces on targets near […]
UNICEF is inviting teachers and students across Romania to take part in the 2025 edition of the World's Largest Lesson, held between November 17 and 25 to mark World Children's Day. Celebrated each year on November 20, the day commemorates the adoption of the UN Convention on the Rights of the Child in 1989, "the […]
PPC Group has expanded its renewable energy portfolio in Romania with the addition of a new 130 MW photovoltaic plant in Călugăreni, located 40 kilometers south of Bucharest. The project has recently been connected to the national grid. The plant was built using 227,240 bifacial photovoltaic panels and is expected to generate more than 193 […]
Several civic organisations held a protest last week targeting the leadership of Romania’s judiciary, after accusing senior magistrates of overstepping their institutional roles, Epochtimes-romania.com reported. The groups - Iniţiativa România, Corupţia ucide,...
The ruling coalition will no longer negotiate with the Superior Council of Magistracy (CSM) and the High Court (ICCJ) on the magistrates’ pensions law but instead will come up with a revised version of the bill by November 18, inviting magistrates’ associations to demonstrate their loyalty by issuing the necessary consultative opinion timely, such to […]
