According to the Central Bank data, in January – April 2024p, the balance-of-payments current account posted a deficit of EUR 6,576 million, compared with EUR 5,191 million in January – April 2023. The breakdown shows that the deficit on trade in goods widened by EUR 464 million, the surplus on services fell by EUR 651 million, the primary income deficit increased by EUR 791 million, while the secondary income surplus grew by EUR 521 million. Non-residents’ direct investmente in Romania totalled EUR 3,230 million (compared with EUR 2,408 million in January – April 2023), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 3,014 million and EUR 216 million, respectively. In January – April 2024, total external debt increased by EUR 1,804 million to EUR 171,887 million, of which: long-term external debt at end-April 2024 ran at EUR 126,798 million (73.8 percent of total external debt), up 4.1 percent against end-2023; short-term external debt at end-April 2024 amounted to EUR 45,089 million (26.2 percent of total external debt), down 6.7 percent from end-2023. Long-term external debt service ratio stood at 16.9 percent in April 2024 against 16.7 percent in 2023. At end-April 2024, goods and services import cover ran at 6.0 months, as compared to 5.6 months at end-2023. At end-April 2024, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 109.1 percent, as against 96.3 percent at end-2023.
Former presidential candidate Călin Georgescu stated during an interview that he was invited to the inauguration ceremony of the US president-elect Donald Trump but declined the invitation, Hotnews.ro reported. Georgescu told Realitatea Plus host Anca Alexandrescu, whose show he frequents, that he has no reason to go, despite the fact that the right-wing, sovereignist...
Romania’s General Inspectorate for Emergency Situations (IGSU) has launched a tender for a contract worth RON 342 million (EUR 68.7 million) to purchase up to 40 intervention vehicles. The vehicles are equipped with intervention robots designed to carry out specific missions in areas affected by potential industrial disasters, including in the industrial sector, according to […]
Bible Chat, an app launched by Romanian entrepreneur Laurențiu Bălașa, aims to assist Christians of all denominations, regardless of the Bible they follow, with answers or counseling based on their problems. The app is currently expanding in the US. Bălașa, 34, told Economedia.ro that...
21% more books ordered in 2024 F.M. Dostoevsky - the most appreciated author Ioana Chicet-Macoveiciuc - the best-selling Romanian author Ilfov, Bucharest, and Brașov - the highest number of orders per capita Brașov - 35% more books sold
Nicușor Dan, the mayor of Bucharest and a presidential candidate, has expressed strong reservations about how Romania's administrative and territorial reorganization is being discussed after the Social Democrats said they intend to draft a project in this sense. He emphasized the need for a methodical and data-driven approach and said the reform should not be […]
Romania registered an annual inflation rate of 5.1% for December 2024 despite significant fluctuations, according to data published Tuesday, January 14, by the National Institute of Statistics (INS). The figure remained unchained from the previous month amid higher political turmoil. In October 2024 inflation had come down to 4.67%, while in September it sat at 4.6%. The presidential […]
