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.
Constanța’s historic Casino will reopen to the public between May 21 and 25 as part of the Constanța Days events. The building, which has undergone extensive restoration in recent years, will be accessible to visitors for the first time since the start of renovation works. Constanța City Hall announced a special program for the occasion, […]
Real estate investor-developer Hagag Development Europe said it is entering the hospitality market in Romania with its first hotel project in Bucharest, developed in partnership with Radisson Hotel Group. The future hotel, Radisson RED Bucharest Old Town, will be the first Radisson RED in the country. The project involves a EUR 13 million investment and […]
The prosecutors investigating the theft of the Dacian gold treasure from the Drents museum in Assen, Netherlands, believe that the items were not melted down but hidden by the arrestees. The Dutch Public Prosecutor's...
NAGA, the Frankfurt Stock Exchange-listed fintech active in over 100 countries, launches NAGA Earn, a new service aimed at investors looking to earn a return on idle cash sitting in trading accounts. With NAGA Earn, users receive a benefit similar to interest, applied directly to the available cash balance of their euro trading accounts, with […]
Update: Andrei Muraru, the Romanian ambassador to the United States, has responded to the statements made by George Simion, the AUR presidential candidate, who thanked the US for not including Romania in the Visa Waiver Program. He said that Simion’s remarks reflect a blatant disregard for Romania’s national interest and the rights of Romanian citizens, adding that […]
In an attempt to demonstrate the support he enjoys from the US administration in his race for the Romanian presidency, far-right candidate George Simion claimed that the Homeland Security Department had congratulated him after his win in the first round, according to
