In January - April 2025, Romania's balance-of-payments current account posted a deficit of EUR 10,103 million, compared with EUR 6,289 million in the same year-ago period, the National Bank of Romania (BNR) reported on Friday.The breakdown shows that the deficit on trade in goods widened by EUR 2,596 million, the surplus on services expanded by EUR 433 million, the primary income deficit increased by EUR 303 million, while the secondary income balance made a negative contribution of EUR 1,348 million.In January - April 2025, total external debt rose by EUR 4,196 million to EUR 209,089 million, of which long-term external debt at end-April 2025 ran at EUR 158,968 million (76.0 percent of total external debt), up 2.6 percent against end-2024; short-term external debt at end-April 2025 amounted to EUR 50,121 million (24.0 percent of total external debt), up 0.5 percent from end-2024.Long-term external debt service ratio stood at 13.2 percent in January - April 2025 against 19.6 percent in 2024. At end-April 2025, goods and services import cover ran at 5.7 months, a level similar to that of 31 December 2024.At end-April 2025, the ratio of the National Bank of Romania's foreign exchange reserves to short-term external debt by remaining maturity came in at 100.0 percent, as against 99.1 percent at end-2024.
President Nicușor Dan stated on Monday, November 10, that Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. “Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. Why? First of all, because it has a […]
Officials in the mountain resort town of Râșnov, central Romania, have issued an urban planning certificate for the transformation of a Boeing 737 airplane into a premium accommodation unit. The plane will be placed near the famous Bran Castle, and organizers expect it to become a tourist attraction. “The project is located in the Pănicel […]
Traffic (Jaful Secolului), a Romania-Belgium-Netherlands co-production directed by Belgian-Romanian director Teodora Ana Mihai from a screenplay by Romanian filmmaker Cristian Mungiu, has received the award for best film at the Tertio Millennio International Film Festival in Rome. The jury of the festival noted in its motivation the film's "ability to combine formal rigor and human […]
The Romanian Justice Ministry advanced a legislative initiative according to which femicide could be punished with life imprisonment. The proposal comes after numerous women were killed this year by former partners, despite protection orders. The debate about femicide in Romania was brought back to the fore after another tragedy took place on Saturday, November 9, […]
Cultural center Apollo111, located in downtown Bucharest’s Universul Palace, has announced the program of arthouse films Apollo111 Cinema. The performance venue of Apollo 111 has been refurbished and endowed for professional film screenings. It will run a weekly program of contemporary and classic auteur films, meetings with filmmakers, and an experimental area, meant to “explore […]
Chinese consumer electronics manufacturer Xiaomi announced the official opening of its first own store in Romania, in Bucharest, inside the ParkLake shopping center, on the ground floor, on November 22. The new store will have a surface area of 150 square meters and will bring to the public the latest smartphones, accessories, and smart devices […]
