Romania’s current account (CA) deficit rose by 32% y/y to EUR 28.4 billion in 12 months to October, driven by a wider deficit of trade in goods, a smaller surplus of trade in services, and stronger outflows generated by the direct and indirect investments made by foreign investors.
A small improvement in secondary transfers couldn’t change the big picture.
Based on the latest available GDP data, the CA deficit in the 12 months to October already hit 8.2% – up from 7.0% at...
The photography exhibition World Unseen, which allows both blind and sighted visitors to experience images through touch and sound, is opening its doors in Iași after attracting over 100,000 visitors in Bucharest. Hosted at the Palace of Culture, the exhibition will be on display from April 29 to July 29. Organized by Canon Romania in […]
Brașov-Ghimbav International Airport in central Romania recorded a total of 56,897 passengers in the first quarter of this year, more than double the number from the same period in 2024, when 27,885 travelers were registered. According to statistics published by the Romanian Airports Association, the Brașov-Ghimbav Airport has returned to 9th place in the national […]
DAAS Epta Romania, part of the international Epta group, is set to open the first Training Center for refrigeration technicians in the country with an EUR 500,000 investment. The company also announced the accelerated expansion of the remote monitoring service center, or TLM. The Training Center is a pilot project developed based on the model […]
Knauf Insulation, part of the Knauf Group, has invested EUR 140 mln in state-of-the-art production facilities and brought together world-class expertise to transform the Târnăveni plant in Romania into the most technologically advanced facility in Central Eastern Europe. Industrial services provider Bilfinger has played a significant role in the project by undertaking a comprehensive range […]
The seventh edition of Neversea, one of Europe’s largest beach music festivals, will not take place in 2025, the organizers announced. The event is now scheduled to return in 2026 in Constanța, Romania, after challenges in securing a suitable beach venue. Organizers from Untold Universe explained in a press release that they were unable to […]
The LIFE Metamorphosis project, carried out nationally by the ADEPT Transylvania Foundation in Romania and seeking to protect and reintroduce butterfly species that have lost their habitat in the rest of Europe, announced signs of progress this week. The project, which takes place between 2022 and 2029, aims to protect 15 species of butterflies by […]
