In January – June 2024p, the balance-of-payments current account posted a deficit of EUR 12,176 million, compared with EUR 9,087 million in January – June 2023, the Central Bank’s data inform. The breakdown shows that the deficit on trade in goods widened by EUR 1,868 million, the surplus on services fell by EUR 1,064 million, the primary income deficit increased by EUR 603 million, while the secondary income surplus grew by EUR 446 million. Non-residents’ direct investmente in Romania totalled EUR 3,219 million (compared with EUR 2,801 million in January – June 2023), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 3,709 million and EUR -490 million, respectively. In January – June 2024, total external debt increased by EUR 6,774 million to EUR 176,857 million, of which: long-term external debt at end-June 2024 ran at EUR 130,662 million (73.9 percent of total external debt), up 7.3 percent against end-2023; short-term external debt at end-June 2024 amounted to EUR 46,195 million (26.1 percent of total external debt), down 4.4 percent from end-2023. Long-term external debt service ratio stood at 16.4 percent in June 2024 against 16.7 percent in 2023. At end-June 2024, goods and services import cover ran at 6.1 months, as compared to 5.6 months at end-2023. At end-June 2024, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 110.0 percent, as against 96.3 percent at end-2023.
Around 100 specialists will work around the clock, in three shifts, at the 1 Mai – Băneasa subway tunnel section, part of the line extending to Otopeni Airport, according to secretary-general of the Ministry of Transport, Mariana Ioniță. The first TBM machine, which will begin drilling the tunnel, is set to arrive on Monday, March […]
A new report from the Romanian branch of NGO Justice and Care shows that the scale of the child trafficking phenomenon is underestimated by the authorities and that sexual exploitation, particularly of girls, remains the primary form of trafficking. The study, based on field research and interviews with specialists from three counties, namely Dolj, Bacău, […]
The Romanian Embassy in Pakistan has opened an honorary consulate in Peshawar, covering the Khyber Pakhtunkhwa region. The country is a major source of workers, essential in filling Romania’s labor shortage. Dan Stoenescu, Romania's Ambassador to Pakistan, inaugurated the Honorary Consulate in a special ceremony attended by government officials, business leaders, and members of the […]
EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 263.66 million for the year 2024, representing a 29% year-over-year increase, surpassing the budgeted level by 175%. The net result is the company’s main performance indicator and consists of net profit and net gains from the sale of financial […]
Sameday, one of the key players in the courier industry, acquired the 24.9% stake held by eMAG in local IT firm Zitec, entering the company's shareholding structure. The transaction is subject to regulatory approval. "Changes in the logistics and courier sectors require rapid adaptations and technological solutions to address the challenges. The growing demand for […]
Nexus, an 8-month silver British shorthair with blue eyes, was crowned Europe’s most beautiful tomcat at the European Feline Championship 2025, an event held in Warsaw, Poland. The tomcat, by his full name Nexus of Winter Foxes, is owned by Oana Pintilii and Alexandru Paraschiv, breeders who have dedicated seven years to this passion. Nexus’s […]
