Romania's public external debt up in Jan-Oct
Photo by Radu Bercan/Shutterstock.com
Romania's gross external debt increased by EUR 9.2 billion in the first ten months of the year, to a total of EUR 118.9 billion (nearly 60% of GDP), the country's central bank said in a report.
Out of the total, the public debt amounts to EUR 50.7 billion, 28.6% more compared to the end of last year.
The increase in the direct public debt was prompted by the bonds issued by the Finance Ministry worth about EUR 9 billion, and the net loans contracted in the amount of EUR 548 million. During January-October 2020, the private external debt reached the value of EUR 32.7 billion, down by EUR 831 million compared to the level recorded at the end of 2019.
ADVERTISEMENT
Hungarian 'Money Week' Program Reaches 1.5 mln StudentsÂ
Parliament Negates Mandatory Membership in MOK
Ăbuda U Partners With Samsung SDI on EV Battery Course
Service Restarted on Full Length of Metro Line M3
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
