In January 2024p, the balance-of-payments current account posted a deficit of EUR 1,358 million, compared with EUR 760 million in January 2023. The breakdown shows that the deficit on trade in goods declined by EUR 229 million, the surplus on services fell by EUR 351 million, the primary income deficit stood at EUR 376 million against a EUR 27 million surplus in the same year-ago period, while the secondary income surplus decreased by EUR 72 million. Non-residents’ direct investmente in Romania totalled EUR 583 million (compared with EUR 596 million in January 2023), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 697 million and EUR -114 million, respectively. In January 2024, total external debt increased by EUR 4,314 million to EUR 173,126 million, of which: long-term external debt at end-January 2024 ran at EUR 125,244 million (72.3 percent of total external debt), up 3.4 percent against end-2023; short-term external debt at end-January 2024 amounted to EUR 47,882 million (27.7 percent of total external debt), up 0.5 percent from end-2023. Long-term external debt service ratio stood at 11.2 percent in January 2024 against 17.4 percent in 2023. At end-January 2024, goods and services import cover ran at 6.3 months, as compared to 5.6 months at end-2023. At end-January 2024, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 99.9 percent, as against 97.4 percent at end-2023.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
