The the balance-of-payments current account registered in the first seven months of the current year a deficit of 9.057 billion euros, increasing by 69.29% compared to the one reported in January - July 2020, of 5.350 billion euros, the National Bank of Romania (BNR) informs on Monday.In its structure, the balance of goods and the balance of primary incomes recorded higher deficits by 2.321 billion euros, respectively 854 million euros; the balance of services and that of secondary revenues registered lower surpluses by 267 million euros, respectively by 265 million euros.Between January and July 2021, the total external debt increased by 6.058 billion euros. In terms of structure, long-term external debt amounted to 95.931 billion euros at July 31, 2021 (72.7% of total external debt), up 3.3% compared to December 31, 2020. Short-term external debt amounted to July 31, 2021 the level of 36.054 billion euros (27.3% of the total external debt), increasing by 8.9% compared to December 31, 2020.The long-term external debt service rate was 17% between January and July 2021, compared to 20.1% in 2020. The coverage of imports of goods and services as of July 31, 2021 was 4.9 months, in compared to 5.6 months on December 31, 2020.The degree of short-term external debt coverage, calculated at the residual value, with foreign exchange reserves at the BNR on July 31, 2021 was 84.8%, compared to 90.7% on December 31, 2020.
Close to 1.8 million Bucharest residents are expected to cast their ballot on Sunday, December 7, to elect the city's next mayor. The post has been vacant since Nicușor Dan was elected president this May. He had secured a second mandate as mayor of Bucharest in June 2024, having won over 48% of the votes. […]
I am a bit late to the party, but I have thoughts (and concerns) on Radu Jude’s much talked-about Dracula, and even more thoughts (and compliments) on other films that I fear might have gone under the radar a bit. Let’s go! There is no more recognizable marketing asset for the local tourism (and no […]
Waterdrop®, brandul european care a redefinit experiența de hidratare prin soluții sustenabile și design minimalist, lansează în România colecția AO26 în Ediție Limitată, inspirată de dinamica și ritmul inconfundabil al Australian Open. Noua colecție aduce în prim-plan produse create pentru cei care își doresc hidratare de nivel profesionist în viața de zi cu zi, de […]
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. “This award is about people. About those who choose, every single day, to believe in this company, […]
Romania ranks 11th in the world in the EF English Proficiency Index 2025, with a “very high” level of English language skills. According to the index, which represents one of the most extensive global studies on language competence, adults in Romania show a high level of English knowledge. English remains the main international language of communication, […]
