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.
The countdown is on until the start of the largest local fest, Transilvania International Film Festival on 13 June. Or, as everyone calls it: TIFF. To pass the time and (or) have an alternative, do not miss some of the most entertaining stories of all time courtesy of suspense master Alfred Hitchcock. And check out […]
Roughly 45.7% of Romanians believe the country’s May presidential elections were rather unfairly organized, while 50.4% believe they were fair, according to a survey by INSCOP Research. Romania's previous presidential elections, which saw centrist Bucharest mayor Nicusor Dan emerge victorious, saw extreme polarization. Immediately after...
CARFIL Brasov, central Romania, is set to begin production of three types of Romanian military UAVs this year, news agency Agerpres reported. The drones, named Cuda, Sirin, and a marine drone, were unveiled at the Southeast Europe Special Operations Forces Forum 2025 (SEESOF) in Targu Mures, the first international expo-forum dedicated to the special operations forces. ...
The National Meteorological Administration of Romania, or ANM, aims to become a European regional hub for professional training in the field of climate change, according to director general Elena Mateescu. The official noted during “The Future of Agriculture” forum held on Thursday, June 5, that the ANM has already completed the European Agrometeorology Center, which […]
Romania’s Interior Ministry (MAI) and Defense Ministry (MApN) have warned of ongoing disinformation campaigns on social media aimed at manipulating public opinion. The latest wave of false claims includes reports about the imposition of martial law and border closures, seeking to heighten public anxiety over the risk of war. Romanians, whether abroad or within the […]
The International Monetary Fund (IMF) issued new recommendations to Romania, among which is an increase in VAT, but also excise duties, dividend taxes, and the introduction of two income tax rates of 15% and 25%. At the same time, it recommends the reduction or elimination of the health insurance contribution, as well as a change in […]
