Budget deficit at 7.12% of GDP after 11 months this year
Total revenues amounted to RON 523.9 billion in the first 11 months of 2024, up 12.7%, while expenditures of the consolidated general budget totaled RON 649.6 billion, up 20.6%.
Total revenues amounted to RON 523.9 billion in the first 11 months of 2024, up 12.7%, while expenditures of the consolidated general budget totaled RON 649.6 billion, up 20.6%.
As of April 2020, Romania has been in the excessive deficit procedure (EDP), as a result of exceeding, in 2019, the 3% budget deficit limit set in the Stability and Growth Pact (SGP).
In the Exploration and Production segment, the operating result excluding special items was RON 3 billion, down by 29%.
According to the current shareholder structure, MedLife holds the majority stake - 60% - and Mihai Pavel, the group's founder, holds 40%.
The lift in M&A activity in 2024 was most pronounced in H2, with 415 deals announced – the highest H2 volume since 2012 and a 58% year-on-year increase from 263 deals in H2 2023.
In 2024, bank volunteers participated in multiple planting sessions in both spring and autumn, contributing to the reforestation of affected areas in Ilfov, Iași, Cluj, and Buzau.
In 2025, a lot of construction is taking place, the state is rehabilitating buildings and public lighting, and private companies are looking for low-consumption lighting systems.