The total external debt increased, in January 2024, by 4.314 billion euros, up to 173.126 billion euros, and the current account deficit grew by 78.7%, to 1.358 billion euros, the National Bank of Romania informs on Friday through a press release."The current account of the balance of payments recorded a deficit of 1,358 million euros, compared to 760 million euros in January 2023. In its structure, the balance of goods recorded a deficit smaller by 229 million euros, the balance of services recorded a smaller surplus by 351 million euros, the primary income balance recorded a deficit of 376 million euros compared to a surplus of 27 million euros in January 2023, and the balance of secondary incomes recorded a smaller surplus by 72 million euros," the press release reads.According to the source, with regard to external debt, the long-term debt amounted to 125.244 billion euros on January 31, 2024 (72.3% of the total external debt), up by 3.4% compared to December 31, 2023, and the debt in the short term reached the level of 47.882 billion euros (27.7% of the total external debt), increasing by 0.5%.The long-term external debt service rate was 11.2% in January 2024, compared to 17.4% in 2023.The degree of coverage of imports of goods and services on January 31, 2024 was 6.3 months, compared to 5.6 months on December 31, 2023.The degree of coverage of the short-term external debt, calculated at the residual value, with foreign exchange reserves at the BNR on January 31, 2024 was 99.9%, compared to 97.4% on December 31, 2023.
NASTY, the new documentary that showcases the life and career of Romanian legend Ilie Năstase, the “bad boy” of tennis, will be released on the Max streaming platform in May. Co-produced for Max by HBO Documentaries Europe and Libra Films, the documentary will be released in 23 countries in the week of the launch of the […]
Symphony of Water/Simfonia Apei, the water, music, and light show at the Urban Fountains in Unirii Square, downtown Bucharest, starts a new season this week. The fifth edition is scheduled to kick off Friday, May 17. The roughly 45-minute shows will have different themes, celebrating local stars from sports, science or art,
Over 260 objectives in 32 counties and in Bucharest can be visited during this year’s Night of Museums, which will take place on Saturday, May 18. This year's edition is an anniversary one, as it marks 20 years since the Night of Museums was first held in Romania. Locations in cities like Brașov, Sibiu, Ploiești, […]
The private medical sector is also making waves in real estate, according to an analysis by iO Partners, which says that major chains of private clinics and hospitals in Bucharest currently occupy spaces totaling over 215,000 sqm. About 40% of this area, equivalent to 86,000 sqm, comprises spaces leased in modern office buildings, often strategically […]
Romanian emotions/emoții românești, a special temporary exhibition on wildlife in Romania, opens this week at the Antipa Museum in Bucharest. The opening of the show, which features 30 images captured by photographer Rareș Beșliu, is scheduled for Thursday, May 16. The images are part of the emotions/emoții photobook, where readers...
Romania, one of the main source countries for victims of human trafficking in Europe, launched this week a new national strategy to tackle the phenomenon over the 2024-2028 period. According to prime minister Marcel Ciolacu, who was present at the launch on May 13, roughly 500 Romanians fall victim to human trafficking each year. "Unfortunately, […]
