According to the Central Bank (BNR) data, in January - August 2023p, the balance-of-payments current account posted a deficit of EUR 13,759 million, compared with EUR 18,502 million in the same year-ago period. The breakdown shows that the deficit on trade in goods declined by EUR 2,564 million, the surplus on services expanded by EUR 1,681 million, the primary income deficit decreased by EUR 322 million, while the secondary income surplus grew by EUR 176 million. Non-residents’ direct investmente in Romania totalled EUR 5,080 million (compared with EUR 7,421 million in January - August 2022), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 5,477 million and EUR -397 million, respectively. In January - August 2023, total external debt increased by EUR 14,535 million, of which: long-term external debt at end-August 2023 ran at EUR 113,970 million (71.9 percent of total external debt), up 15.5 percent against end-2022; short-term external debt at end-August 2023 amounted to EUR 44,451 million (28.1 percent of total external debt), down 1.8 percent from end-2022. Long-term external debt service ratio stood at 15.6 percent in January - August 2023 against 17.9 percent in 2022. At end-August 2023, goods and services import cover stood at 5.1 months, as compared to 4.4 months at end-2022. At end-August 2023, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 95.3 percent, as against 82.4 percent at end-2022.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
