In January 2025, Romania's balance-of-payments current account posted a deficit of EUR 1,646 million, compared with EUR 1,420 million in January 2024, the National Bank of Romania (BNR) reported on Monday.A breakdown shows that the deficit in trade in goods widened by EUR 719 million, the surplus on services fell by EUR 87 million, the primary income balance made a positive contribution of EUR 654 million, while the secondary income surplus decreased by EUR 74 million.In January 2025, total external debt decreased by EUR 1,632 million to EUR 201,943 million, of which long-term external debt at end-January 2025 ran at EUR 153,461 million (76% of total external debt), down 0.6% against end-2024; short-term external debt at end-January 2025 amounted to EUR 48,482 million (24% of total external debt), down 1.3 % from end-2024.Long-term external debt service ratio stood at 8.8% in January 2025 as against 16.5% in 2024. At end-January 2025, goods and services import cover ran at 5.9 months, as against 5.8 months in late 2024.As of end-January 2025, the ratio of the National Bank of Romania's foreign exchange reserves to short-term external debt by remaining maturity came in at 98.6%, as against 100.3% at end-2024.
Faster declines in orders and output fail to dampen future outlook Reduced demand for inputs sees inflationary pressures cool... ...and supplier performance improve for the first time on record The Romanian manufacturing downturn deepened in March, as firms signalled a deterioration across all elements of the headline PMI. New orders and output decreased at faster […]
Digital services revenue is estimated to rise by 44%, expanding from 34% to nearly half (49%) of companies revenue by 2029, according to a report compiled from IDC surveys across Europe, Asia-Pacific region (APAC), and the Middle East demanded by Endava (NYSE ‘DAVA’), a leading technology services company combining world-class engineering, industry expertise, and a […]
On Monday, March 31, a detachment of the Romanian Air Force called "Carpathian Vipers" began executing an enhanced air policing mission in Lithuania. The mission will last four months, between April and July 2025. The "Carpathian Vipers" detachment, consisting of approximately 100 military personnel and four F-16 Fighting Falcon aircraft, will carry out missions alongside […]
On Tuesday, April 1, controversial brothers and influencers Andrew and Tristan Tate left for Dubai after meeting with DIICOT prosecutors. Before they departed, the brothers mentioned that they would return to Romania within the legal period of two months, in accordance with the obligations of judicial control. "On April 1, 2025, Andrew Tate and Tristan […]
Wizz Air has officially opened its base at Bucharest Băneasa Airport, the capital’s secondary one, which will be served by an Airbus A321neo aircraft. An additional aircraft will also operate from Bucharest’s Henri Coandă Airport (Otopeni) from August 1, bringing the total number of aircraft based in Bucharest to 21 this summer, the carrier said. […]
A blood donation event will take place on Friday, April 4, at the Bucharest City Hall. Participation will be allowed only after phone confirmation from the organizers. Blood donation at the event is not remunerated, but each donor has the right to receive the results of the tests performed. They also receive meal vouchers worth […]
