PSD leader Grindeanu: Romania's domestic capital 'almost destroyed,' government borrowing heavily

Sorin Grindeanu, president of Romania's Social Democratic Party (PSD), has sharply criticized the current government, accusing it of presiding over economic contraction, poverty, and a life of debt. Grindeanu stated that the nation's domestic capital is "almost destroyed," pointing to nearly 8,300 companies entering bankruptcy or insolvency in the first four months of the year. This averages to about 69 firms disappearing daily.

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Domestic capital is almost destroyed. In just four months, almost 8,300 firms have entered bankruptcy or insolvency. In short, if we do the math, almost 69 firms disappear every day in Romania.

The tourism and HoReCa sectors are also suffering significantly, with Grindeanu reporting that three-quarters of guesthouses are closed or lack customers. Tourism revenue has fallen by 13% in the first five months of the year compared to the same period in 2025. He also noted a decline in foreign direct investment, which impacts employment, stating that approximately 163 Romanians lose their jobs daily, with three out of four in the industrial sector.

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All these things have an effect on Romanians and on employees. Approximately 163 Romanians lose their jobs every day, three out of four being from industry.

Grindeanu further criticized the public debt, claiming the government is borrowing around 1,000 euros per second. He highlighted an increase of 434 million lei in public debt daily, without visible investments. For 2024, he estimates the government will borrow approximately 275 billion lei, contrasting it with the 252 billion lei borrowed under the previous government. "This is the balance sheet I wanted to present. I haven't seen efficiency, I've seen economic contraction, poverty, living on debt," he declared.

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The good news is that inflation has fallen, but that's like Mr. Miruță's centimeters... It has fallen marginally.

The PSD leader also mentioned that his party's parliamentarians worked during an extraordinary summer session to "save" millions of euros from the EU's Recovery and Resilience Facility (PNRR). He vowed that PSD would continue to work in parliament to secure these funds, criticizing Prime Minister Ilie Bolojan and the USR party for clinging to power.

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The Government of Bolojan is borrowing approximately 1,000 euros per second.