In January – June 2024p, the balance-of-payments current account posted a deficit of EUR 12,176 million, compared with EUR 9,087 million in January – June 2023, the Central Bank’s data inform. The breakdown shows that the deficit on trade in goods widened by EUR 1,868 million, the surplus on services fell by EUR 1,064 million, the primary income deficit increased by EUR 603 million, while the secondary income surplus grew by EUR 446 million. Non-residents’ direct investmente in Romania totalled EUR 3,219 million (compared with EUR 2,801 million in January – June 2023), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 3,709 million and EUR -490 million, respectively. In January – June 2024, total external debt increased by EUR 6,774 million to EUR 176,857 million, of which: long-term external debt at end-June 2024 ran at EUR 130,662 million (73.9 percent of total external debt), up 7.3 percent against end-2023; short-term external debt at end-June 2024 amounted to EUR 46,195 million (26.1 percent of total external debt), down 4.4 percent from end-2023. Long-term external debt service ratio stood at 16.4 percent in June 2024 against 16.7 percent in 2023. At end-June 2024, goods and services import cover ran at 6.1 months, as compared to 5.6 months at end-2023. At end-June 2024, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 110.0 percent, as against 96.3 percent at end-2023.
Timișoara mayor Dominic Fritz has traveled to Istanbul as part of a delegation of European mayors showing solidarity with the arrested mayor Ekrem İmamoğlu. The European delegation also includes the mayors of Barcelona, Athens, Budapest, Sofia, Utrecht, and Zagreb. The European mayors want to draw attention to “the political nature of the arrest of Ekrem […]
Romanian media reported on Wednesday, August 27, that president Nicușor Dan is considering business lawyer Gabriel Zbârcea to lead the Romanian Intelligence Service (SRI), a politically sensitive appointment that requires parliamentary approval.
Romanian Ana Maria Andronic is among the five national nominees shortlisted for the Golden Aurora Award 2025 – European Woman Angel of the Year, Start-up.ro reported. The award recognizes female business angels “who are shaping the future of innovation, entrepreneurship and impact investing across...
Bucharest recorded 777,756 tourist arrivals in the first five months of 2025, according to data from the National Institute of Statistics (INS), quoted by Agerpres. The peak of tourist traffic was reached in May, with 189,594 arrivals, while January recorded the lowest...
Bolt has launched its XL category in Bucharest, allowing larger groups of people to travel in the same car, according to a company announcement quoted by Profit.ro. The service is designed for groups of up to six passengers, such as families or groups of tourists traveling together. The company...
Romania’s national railway operator CFR has signed with the Austrian group PORR Construct the contract for the design and execution of the rehabilitation works for the Băile Herculane – Poarta railway segment, Economedia.ro reported. This is part...
