In January - February 2025, the balance-of-payments current account posted a deficit of EUR 4,809 million, compared with EUR 2,600 million, 85% higher, in the first two months of 2024, the National Bank of Romania (BNR) informs in a press release on Friday.The breakdown shows that the deficit on trade in goods widened by EUR 1,502 million, the surplus on services fell by EUR 187 million, the primary income deficit increased by EUR 93 million, while the secondary income surplus decreased by EUR 427 million.In January - February 2025, total external debt rose by EUR 3,394 million to EUR 208,287 million, of which: long-term external debt at end-February 2025 ran at EUR 158,505 million (76.1 percent of total external debt), up 2.3 percent against end-2024; short-term external debt at end-February 2025 amounted to EUR 49,782 million (23.9 percent of total external debt), down 0.2 percent from end-2024.Long-term external debt service ratio stood at 10.6 percent in January - February 2025 against 19.6 percent in 2024. At end-February 2025, goods and services import cover ran at 5.9 months, as compared to 5.7 months at end-2024.At end-February 2025, the ratio of the National Bank of Romania's foreign exchange reserves to short-term external debt by remaining maturity came in at 99.5 percent, as against 99.1 percent at end-2024.
Romania has one of the lowest levels of property taxation in the European Union, with annual payments averaging under EUR 100 per person - more than seven times below the EU average, real estate consultancy Cushman & Wakefield Echinox said in an analysis based on Eurostat data. The study found that Romania collects property tax […]
The City Hall is set to hold a series of events dedicated to the Bucharest Days celebration on the weekend of September 20-21, including open-air concerts, theater performances, film screenings, exhibitions, and guided tours. The event starts with "Open Streets - Bucharest. Urban Promenade," which will bring to life this anniversary weekend on Calea Victoriei […]
A Romanian Air Force C-130 Hercules aircraft evacuated 10 Palestinian patients from Gaza on Wednesday, September 17, in a humanitarian mission coordinated with European and international partners, Romania’s Department for Emergency Situations (DSU) said. The patients, accompanied by 28 relatives, were flown from Israel’s Ilan and Asaf Ramon International Airport to Bucharest’s 90th Airlift Base […]
Romanian developer One United Properties (BVB: ONE) has signed a memorandum of understanding (MOU) with lifestyle hospitality company Ennismore to open a hotel under the brand The Hoxton in Bucharest. The Hoxton Bucharest will be located on Academiei Street, close to the University of Architecture. The hotel will rise on the site of three historic […]
Fewer than three out of four Romanians have a good opinion about the introduction of voluntary military service, a ratio slightly lower compared to a decade ago in 2015, the percentage being now lower among the AUR and PSD electorate, according to an ISCOP Research survey published on September 17 in the context of Russia […]
Romanian president Nicusor Dan informed the Parliament that he approved a request by the United States to bring additional forces to Mihail Kogalnicanu base at the Black Sea, in light of the rising tensions in the Middle East, according to
