Ford drives hike in car production in Romania
1 day ago
Romania’s public debt increased by RON20.3bn (€4.1bn) in the first two months of this year, to RON596.9bn, the Ministry of Finance has announced.
The debt-to-GDP ratio rose from 48.9% at the end of 2021 to 50.2% at the end of January and 50.6% at the end of February.
The debt includes the advance payment disbursed by the European Union on the €14.2bn loan component of the Relaunch and Resilience Facility (RRF), the ministry said.
Nearly €1.9bn was disbursed in January under the RRF, after the €1.8bn advance payment for the €15bn grants portion of the RRF was received in December.
In addition to this, Romania issued Eurobonds twice this year, in January and February respectively.
While the $2.4bn Eurobond issued in January was aimed at the refinancing of other issues maturing in January and February, the €2.5bn issue launched in February has directly contributed to the public debt’s expansion.
Romania’s public external debt reached 26.1% of GDP, 2 percentage points (pp) up from the end of December.
The internal debt, in contrast, has decreased both nominally and as a share of GDP from December (RON292.9bn, 24.8% of GDP) to February (RON289.1bn, or 24.5% of GDP).
Related Content
Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
2 days ago
-
COMMENT: Armenia's decisive turn towards the West
1 day ago
-
Remittances come to the rescue of Lebanon’s battered economy
1 day ago
-
US senators seek closer ties with Western Balkans to combat Russia's 'malign influence'
1 day ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
2 days ago
-
Iran vs Israel: Who is better equipped for war?
5 days ago
-
Saudi Arabia to scale back plans for Neom city
9 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
5 days ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
7 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Russia could pay off its entire external debt tomorrow, in cash
20 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
24 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
29 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
22 days ago