In January - August 2024, the balance-of-payments current account posted a deficit of EUR 17,858 million, compared with EUR 13,830 million in January - August 2023, the National Bank of Romania (BNR) informs in a press release on Monday.The breakdown shows that the deficit on trade in goods widened by EUR 2,634 million, the surplus on services fell by EUR 863 million, the primary income deficit increased by EUR 979 million, while the secondary income surplus grew by EUR 448 million.Non-residents' direct investments in Romania totalled EUR 4,139 million (compared with EUR 4,382 million in January - August 2023), of which equity (including the estimated reinvestment of earnings) and intercompany lending recorded net values of EUR 3,563 million and EUR 576 million, respectively.In January - August 2024, total external debt increased by EUR 14,189 million to EUR 182,524 million, of which: long-term external debt at end-August 2024 ran at EUR 133,389 million (73.1 percent of total external debt), up 9.2 percent against end-2023; short-term external debt at end-August 2024 amounted to EUR 49,135 million (26.9 percent of total external debt), up 6.3 percent from end-2023.Long-term external debt service ratio stood at 13.8 percent in August 2024 against 18 percent in 2023. At end-August 2024, goods and services import cover ran at 5.9 months, as compared to 5.6 months at end-2023.At end-August 2024, the ratio of the National Bank of Romania's foreign exchange reserves to short-term external debt by remaining maturity came in at 101.1 percent, as against 99.7 percent at end-2023, the central bank points out.
Baroque and romantic operas, contemporary works, and film music are part of this year's edition of the Athenaeum Summer Festival, set to take place between June 14 and 25. The program includes two concerts on the Athenaeum Esplanade, with free admission, and three performances at the Athenaeum's Great Hall, featuring the George Enescu Philharmonic Choir […]
Ovidiu Maitec 100, a retrospective on the work of Romanian sculptor Ovidiu Maitec, will open at the Brukenthal Museum in Sibiu on June 20. The exhibition, which will open at the Brukenthal Palace in Sibiu’s Grand Square, is part of the Brukenthal Exhibition Season at the Sibiu International Theatre Festival. It will cover 50 works […]
Agroland, a Romanian entrepreneurial group present on the retail, agribusiness, food production and animal nutrition market, marked four years since the listing of Agroland Business System and Agroland Agribusiness on the AeRO market of the Bucharest Stock Exchange on Thursday, June 5. In this time, the company tripled its business and now plans to keep […]
Volker Raffel, CEO of E.ON Romania, has been elected as the new president of the Romanian-German Chamber of Commerce and Industry (AHK Romania), succeeding Andreas Lier of BASF. The announcement was made following the annual General Assembly of AHK Romania members held on Tuesday evening, June 3, where the leadership also confirmed a new board […]
Romanian handball player Cristina Neagu, who ended her career earlier this year, was nominated on Wednesday, June 4, for the European Handball Federation (EHF) Excellence Awards along with 46 other players from Europe, including seven from three Romanian teams. The third edition of the EHF Excellence Awards honors the best players of the 2024–2025 season. […]
The Transfăgărășan (DN7C), one of Romania’s most scenic mountain roads, will reopen to traffic on Friday, June 6, at 7:00 am, announced Cristian Pistol, the general director of CNAIR, the company that manages the road infrastructure. Tourists will once again be able to drive the iconic route, including the stretch between Bâlea Cascadă in Sibiu […]
