In January - August 2021p, the balance-of-payments current account posted a deficit of EUR 10,149 million, compared with EUR 6,549 million in the same year-ago period, the National Bank of Romania informs. The breakdown shows that the deficits on trade in goods and on primary income widened by EUR 2,389 million and EUR 587 million, respectively; the surplus on secondary income and that on services decreased by EUR 315 million and EUR 309 million, respectively. Non-residents' direct investment in Romaniae totalled EUR 4,394 million (compared with EUR 1,481 million in January - August 2020), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 3,803 million and EUR 591 million, respectively. In January - August 2021, total external debt increased by EUR 8,404 million, of which: long-term external debt at end-August 2021 totalled EUR 99,049 million (73.3 percent of total external debt), up 5.9 percent against end-2020; short-term external debt at end-August 2021 amounted to EUR 36,162 million (26.7 percent of total external debt), up 8.7 percent from end-2020. Long-term external debt service ratio ran at 16.4 percent in January - August 2021 against 20.7 percent in 2020. At end-August 2021, goods and services import cover stood at 5.3 months, as compared to 5.6 months at end-2020. At end-August 2021, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 89.4 percent, against 90.3 percent at end-2020.
The Fidelis government bonds issued in October by the Romanian Ministry of Finance, worth almost RON 2.2 billion, can be traded on the Bucharest Stock Exchange starting Thursday, October 23. The Romanian government attracted RON 946.8 million and EUR 246.1 million through seven issues of government securities for the population in October, as part of […]
The Romanian government has officially scheduled the election for Bucharest’s general mayor for Sunday, December 7, following a decision made during Thursday’s cabinet meeting. Elections will also be held for the presidency of the Buzău County Council and for mayors in ten other localities where seats have remained vacant since last year,
In the urban effervescence of the south of the Capital, where the border between Sector 4 and Ilfov blurs, the developer Ananda Group accelerates the works on phase II of the Ananda Residence complex. Located on Biruinței, the most sought-after street in Popești-Leordeni - the western area, the project approaches a residential concept designed to […]
Flanco, a large electronics retailer in Romania, is the first major brand to kick off Black Friday discounts in the 2025 edition. The company announced lower prices from October 24 to November 30, both online and in the 162 stores across the country. Moreover, for the first time, customers using the Flanco Smart Discounter app […]
A crack in a gas pipe is the most likely cause of the October 17 explosion at the apartment building in the Rahova district in Bucharest, according to investigators. Three people died in the blast, while 15 others were injured. Police representatives provided more details on the explosion on Wednesday, October 22. According to Police […]
North Bucharest Investments (NBI) proudly announces the exclusive addition of Primes Lake Collection to its portfolio. A limited collection of eight boutique apartments, located on the shores of Floreasca Lake, each occupying an entire private floor – an architectural concept unique to Bucharest. Every apartment offers an exceptional level of privacy and exclusivity, standing as […]
