In January - May 2022 the balance-of-payments current account posted a deficit of EUR 10,238 million, compared with EUR 5,698 million in the same year-ago period, the BNR ( the National Bank of Romania) data show.. The breakdown shows that the deficit on trade in goods widened by EUR 3,446 million, the surplus on services increased by EUR 505 million, the primary income deficit grew by EUR 1,564 million, while the secondary income surplus narrowed by EUR 35 million. Non-residents’ direct investment in Romania totalled EUR 3,787 million (compared with EUR 2,471 million in January - May 2021), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 3,610 million and EUR 177 million, respectively. In January - May 2022, total external debt increased by EUR 2,668 million, of which: long-term external debt at end-May 2022 ran at EUR 96,257 million (70.1 percent of total external debt), down 0.9 percent against end-2021; short-term external debt at end-May 2022 amounted to EUR 41,028 million (29.9 percent of total external debt), up 9.6 percent from end-2021. Long-term external debt service ratio ran at 14.6 percent in January - May 2022 against 16.4 percent in 2021. At end-May 2022, goods and services import cover stood at 4.2 months, as compared to 4.9 months at end-2021. At end-May 2022, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 78.1 percent, against 81.9 percent at end-2021.
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
