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.
President Nicușor Dan stated on Monday, November 10, that Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. “Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. Why? First of all, because it has a […]
Officials in the mountain resort town of Râșnov, central Romania, have issued an urban planning certificate for the transformation of a Boeing 737 airplane into a premium accommodation unit. The plane will be placed near the famous Bran Castle, and organizers expect it to become a tourist attraction. “The project is located in the Pănicel […]
Traffic (Jaful Secolului), a Romania-Belgium-Netherlands co-production directed by Belgian-Romanian director Teodora Ana Mihai from a screenplay by Romanian filmmaker Cristian Mungiu, has received the award for best film at the Tertio Millennio International Film Festival in Rome. The jury of the festival noted in its motivation the film's "ability to combine formal rigor and human […]
The Romanian Justice Ministry advanced a legislative initiative according to which femicide could be punished with life imprisonment. The proposal comes after numerous women were killed this year by former partners, despite protection orders. The debate about femicide in Romania was brought back to the fore after another tragedy took place on Saturday, November 9, […]
Cultural center Apollo111, located in downtown Bucharest’s Universul Palace, has announced the program of arthouse films Apollo111 Cinema. The performance venue of Apollo 111 has been refurbished and endowed for professional film screenings. It will run a weekly program of contemporary and classic auteur films, meetings with filmmakers, and an experimental area, meant to “explore […]
Chinese consumer electronics manufacturer Xiaomi announced the official opening of its first own store in Romania, in Bucharest, inside the ParkLake shopping center, on the ground floor, on November 22. The new store will have a surface area of 150 square meters and will bring to the public the latest smartphones, accessories, and smart devices […]
