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.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
