The debt of the public administration (governmental debt) went up, in February 2024 to 841,292 billion lei, from 801,687 billion lei in the previous month, according to the data published by the ministry of finances (MF).As a percentage from GDP, the governmental debt has increased from 52,4% from 49,9% in January.In the second month of the year, the medium and long-term debt has increased at 786,851 billion lei, from 759.95 billion lei in January, and the short term one has increased at 54,441 billion lei, from 41.737 billion lei in the previous monthMost of this debt, 687.897 billion lei, was represented by government securities. Borrowings amounted to 140.163 billion lei. Debt in national currency amounted to 397.022 billion lei, debt in euro to 359.333 billion lei equivalent and debt in US dollars to 83.635 billion lei equivalent. Central government debt also reached RON 820.105 billion in February 2024, up from RON 780.874 billion in January, of which RON 765.7 billion was medium and long-term. The bulk of central government debt was contracted in lei (380.146 billion lei) and in euro (355.023 billion lei equivalent). Local government debt rose to 21.187 billion lei from 20.813 billion lei in the previous month, of which 21.149 billion lei is medium and long-term. At the same time, domestic general government debt stood at 406.344 billion lei (25.2% of GDP) in February 2024, of which 390.038 billion lei was central government debt and 16.305 billion lei local government debt. According to MF data, the general government external debt was 434.948 billion lei (27.1% of GDP), of which 430.066 billion lei was central government external debt and 4.882 billion lei local government external debt.
Associates of the fugitive Moldovan oligarch Ilan Șor were urged to vote for far-right candidate George Simion in the presidential elections in Romania back in May, according to the General Inspectorate of Police of the Republic of Moldova. Moldovan police made public several messages discovered on the phones of those close to Ilan Șor as […]
The month of July was nearly 2 degrees Celsius warmer than normal in Romania, with temperatures exceeding 43 degrees Celsius in the southern Oltenia region and over 40 degrees Celsius in Transylvania. Eleven new heat records were set, and there were also intense rains as well as severe hailstorms, according to the climatological summary published by […]
Romania ranks last in the European Union in terms of circular material usage, with a rate of just 1.3%, according to 2023 public data analyzed by Clean Recycle experts. Comparatively, countries such as the Netherlands (30.6%), Italy (over 20%), and Malta lead the EU rankings. A circular economy is a model of production and consumption […]
A new edition of Art Safari will take place from September 5 to December 14 in Bucharest, featuring a diverse program of art exhibitions. Highlights include "Paris Pallady," showcasing over 70 works by Romanian artist Theodor Pallady alongside pieces by Henri Matisse, in collaboration with Paris museums Musée de l'Orangerie and Musée Henri Matisse, the […]
According to a recent announcement from the Ministry of Foreign Affairs, Romania endorsed the Joint Declaration on the Security and Resilience of Submarine Cables in a Global Digitalized World, in coordination with the United States and European Union partners. The diplomatic effort takes place as allies are concerned with sabotage incidents, cyberattacks, and other forms […]
The media and entertainment industry in Romania is projected to experience steady growth over the next five years, driven primarily by the expansion of digital segments. According to the latest PwC Global Telecommunications, Entertainment & Media Outlook 2025-2029 report, the sector is expected to grow at an average rate of around 2% annually, reaching a […]
