According to the Central Bank (BNR) data, in January - August 2023p, the balance-of-payments current account posted a deficit of EUR 13,759 million, compared with EUR 18,502 million in the same year-ago period. The breakdown shows that the deficit on trade in goods declined by EUR 2,564 million, the surplus on services expanded by EUR 1,681 million, the primary income deficit decreased by EUR 322 million, while the secondary income surplus grew by EUR 176 million. Non-residents’ direct investmente in Romania totalled EUR 5,080 million (compared with EUR 7,421 million in January - August 2022), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 5,477 million and EUR -397 million, respectively. In January - August 2023, total external debt increased by EUR 14,535 million, of which: long-term external debt at end-August 2023 ran at EUR 113,970 million (71.9 percent of total external debt), up 15.5 percent against end-2022; short-term external debt at end-August 2023 amounted to EUR 44,451 million (28.1 percent of total external debt), down 1.8 percent from end-2022. Long-term external debt service ratio stood at 15.6 percent in January - August 2023 against 17.9 percent in 2022. At end-August 2023, goods and services import cover stood at 5.1 months, as compared to 4.4 months at end-2022. At end-August 2023, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 95.3 percent, as against 82.4 percent at end-2022.
Salaries in Romania this year show sharp contrasts, with international truck drivers earning up to EUR 3,000 (RON 15,000) a month while top executive roles in IT and finance can reach EUR 7,000 (RON 35,000), according to a labor market analysis published by HR firm Prohuman APT. Meanwhile, the average wages in many counties remain […]
The interim mayor of the capital, Stelian Bujduveanu, believes that the regulation on the use of electric scooters could be adopted by the end of the year. He told Radio Romania Actualități that he does not support banning them, but rather regulating their use, news agency Agerpres...
The leading opposition party in Romania, the Alliance for the Union of Romanians (AUR), filed a simple motion against the minister of environment, Diana Buzoianu (Save Romania Union, USR), accusing her of blocking the development of several hydropower projects, initiated during the communist regime and reconsidered by Hidroelectrica these days. Minister Buzoianu claimed that the […]
Just over half of Romanians (50.9%) would be willing to give their vote to a newly founded party in the upcoming elections, according to the Informat.ro - INSCOP Research Barometer, 3rd edition, conducted between September 1 and 9. The ratio rose from under 30% ten years ago, in 2015. At the same time, 55% of […]
President Nicușor Dan has convened a meeting of the Supreme Council of National Defence (CSAT) for Thursday, September 25, to address the response to the intrusion of foreign drones in the national airspace, namely the objectives needing protection and the chain of command for shooting down such targets, according to a Presidency's press release. Romania […]
Norofert (BVB: NRF), a producer of organic inputs and supplier of biotechnology for agriculture, recorded a turnover of RON 19 million in the first half of 2025, a slight decrease compared to last year. However, its profit rose by 68% y/y to RON 3.2 million (EUR 0.6 million). The company improved its profitability after three difficult […]
