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.
The foreign exchange reserves of the National Bank of Romania, or BNR, totaled EUR 58.281 billion at the end of June 2025, up by 4.71% compared to May 31, 2025. During the month of June, there were inflows of EUR 6.1 billion, representing changes in foreign currency minimum reserves established by credit institutions at the […]
Maib, the largest bank in the Republic of Moldova, has established a strategic partnership with Tuum, a next-generation core banking platform from Estonia, to obtain a fully digital presence for retail customers in Romania. Tuum’s core banking platform will serve as the foundation for Maib’s greenfield operations in Romania. “Maib’s decision to collaborate with Tuum […]
The Romanian government officially launched the 12th edition of its Official Internship Program on July 1, welcoming a new cohort of 150 young interns selected from more than 1,900 applicants. Over the next two months, the interns will be hosted by 26 government institutions, where they will gain hands-on experience in public administration. The program […]
The cogeneration plant on the Petromidia Năvodari platform, the flagship project of the Kazakh-Romanian Energy Investment Fund (KREIF), has entered its final testing phase and is expected to be fully integrated with the Petromidia refinery and Romania’s National Energy System - NES by the end of August. Developed through Rompetrol Energy, a KREIF subsidiary, the […]
More than 108,000 Romanian households changed their electricity providers in June, just before the country returned to a liberalized energy market, according to George Niculescu, president of the National Energy Regulatory Authority (ANRE). “Today, after more than three and a half years, we return to a free electricity market - a market for the consumer! […]
The Romanian Constitutional Court (CCR) has reinstated Traian Băsescu’s rights as a former president, granting him lifelong state benefits, including a monthly allowance, protocol residence, and permanent security. The court ruled unanimously that a 2001 law, which stripped former presidents of these privileges if found to have collaborated with the communist-era Securitate, is unconstitutional, Biziday.ro...
