Romania's public debt fell in April by 3.5 billion lei in the previous month and reached 195.5 billion lei (46.2 billion), equivalent to36% of GDP, while the Treasury payments made by private banksto maturity of over 2 billion lei.
Economy
Romania's public debt fell to 36% of GDP
Turkey's economy has advanced by 11%, the fastest growing in the world, surpassing China
Turkish economy has advanced by 11% in the first quartercompared with same period last year, Turkey is the only country in the world with a growth rate of two digits, Hurriyet wrote. GDP is advancing very rapidly, despite efforts by authorities to limitdomestic demand boom fueled by cheap credit and therebyprevent overheating of the economy, writes The Wall StreetJournal.
The next crisis Greece could be increased after the limit of indebtedness of the United States
With the postponement of the Greek crisis, investor attention isturning to the next possible crisis, the growth of U.S. debt limit, to14.300 billion dollars by the deadline of August 2 after which the state will not be able to borrow to honor payments according toCNBC.
Ciolos: Romania, a substantial additional state funding recipientin the EU draft budget
Romania will be a substantial beneficiary state for additional funds,at least for the common agricultural policy and cohesion policy,said Thursday Commissioner for Agriculture, Dacian Cioloş, afteradoption by the European Commission EU draft budget for 2014-2020.
State investment in continuous decline. What did government capital expenditure Boc
Public investments are down two and a half, slowing exports andeconomic growth is anemic. Capital expenditures, or investmentsmade by the State, were on a downward trend over the past twoand a half years, compared with a peak in 2008 of 26.7 billion leiand the fall continued in the first five months of this year despitemarked improvement in budgetary revenue.
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