In January - March 2025, the balance-of-payments current account posted a deficit of EUR 7,656 million, compared with EUR 4,201 million in the same year-ago period, according to the data the National Bank of Romania (BNR) published on Wednesday.The breakdown shows that the deficit on trade in goods widened by EUR 1,997 million, the surplus on services fell by EUR 503 million, the primary income deficit decreased by EUR 140 million, while the secondary income balance made a negative contribution of EUR 1,095 million.In January - March 2025, total external debt rose by EUR 514 million to EUR 205,407 million, of which: long-term external debt at end-March 2025 ran at EUR 156,881 million (76.4 percent of total external debt), up 1.2 percent against end-2024; short-term external debt at end-March 2025 amounted to EUR 48,526 million (23.6 percent of total external debt), down 2.7 percent from end-2024.Long-term external debt service ratio stood at 11.5 percent in January - March 2025 against 19.6 percent in 2024. At end-March 2025, goods and services import cover ran at 5.7 months, a level similar to that of 31 December 2024.At end-March 2025, the ratio of the National Bank of Romania's foreign exchange reserves to short-term external debt by remaining maturity came in at 101.4 percent, as against 99.1 percent at end-2024.
One of Bucharest’s most popular summer events is back as Cinema în Aer Liber kicks off its 2025 edition on the Insula Artelor in Titan Park. Running from August 19 to September 14, the festival will transform the island into an open-air movie theater, offering audiences four weeks of free evening screenings. This year’s lineup […]
Maria Dănilă, from Constanta, is the first woman in Romania to climb the K2 peak, in the Karakoram mountain range on the border between China and Pakistan. With this climb, she completed the list of the highest peaks in the world, according to Protv.ro. K2 is not only the second-highest peak...
More than 65% of 12th grade graduates from private schools with a dual curriculum in Romania (Class of 2024–2025) have been admitted to prestigious international universities in Europe, the United Kingdom and the United States, according to a study conducted by the Romania Education Alliance (REA) – the first national network bringing together high-performing private […]
Romania’s Ministry of Energy published on Monday, August 18, an ordinance designed to establish a Cybersecurity Incident Response Center in Energy. The new center will prepare the country’s energy sector to face expected and complex cyber threats, according to its initiators. The authors of the project say that the liberalization of the national energy market, […]
The Climb Again Center in Nucșoara, Argeș County, Romania’s first facility dedicated entirely to therapy through sport and paralympic training for children and young people with disabilities, is now powered by renewable energy. The project was made possible through a partnership between the Romanian Association for Green Energy and Sustainable Development (AREVDD), part of Simtel […]
Romanian president Nicușor Dan, accompanied by his family, visited the mountain village of Roșia Montană and the Roman galleries there. During the visit, he stressed the need for real tourism projects for the UNESCO site. The area is known for its gold deposits, and became famous in 2013 due to a series of protests against […]
