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.
Two castles in Romania's Cluj county, namely the Rákóczi-Bánffy Castle in Gilău and Bánffy Castle in Răscruci, will reopen in the coming weeks and host events dedicated to visitors. Rákóczi-Bánffy Castle in Gilău, one of Transylvania's historical monuments, will reopen its doors after a seven-year renovation process aimed at transforming it into a multifunctional cultural […]
The second edition of the Chicago Romanian Community Summit will take place on May 25, aiming to unite the Romanian community in Chicago. Leaders from various sectors - business, education, culture, and religion - will come together during the event to celebrate their shared heritage and establish a forum for addressing challenges. The summit also […]
In a recent promotional spot, Nicola Coughlan, Claudia Jessie, and Hannah Dodd, all part of the cast for Netflix’s hit show Bridgerton, played a game of True or False, Romanian Romance Edition. The game consisted of saying whether or not a particular superstition was actually true in Romanian folklore or if it was made up. The first […]
The organizers of the Untold and Neversea festivals in Romania announced the start of the 10th edition of their blood donation campaign - Blood Network. Under this initiative, blood donors can get free one-day tickets for the two summer events. This year's Blood Network runs between May 18 and June 30. Music fans can donate […]
Romanian mountaineer Adrian Ahriţculesei reached the summit of Mount Everest, Earth's highest mountain above sea level, after a 12-hour climb. The expedition, which started on April 11, is scheduled to end on May 30. "Ahriţculesei Adrian conquered the Roof of the World. He is on Everest (8,848 m). Next comes the hardest part of this […]
Hesburger, the largest chain of fast food restaurants in Finland and the Baltic countries, has entered the Romanian market with a first restaurant in Râmnicu Vâlcea. A family business with a history of over 50 years, Hesburger currently operates in nine countries and has over 470 restaurants. The company aims to open 10 new locations […]
