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.
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Romanian president Nicușor Dan is present Thursday and Friday, June 26-27, in Brussels, at the first European Council since he took office as president. EU leaders at the event are set to discuss a range of topics, such as the situation of the war in Ukraine, the crisis in the Middle East, security and defense […]
Celebrities will no longer be allowed to appear in gambling advertisements on TV, radio, and online, following a decision voted on Wednesday, June 26, in a public session of Romania’s audiovisual watchdog, the National Audiovisual Council (CNA). This provision is part of a series of amendments made to the Audiovisual Regulatory Code, the secondary legislation […]
Hidroelectrica, the largest energy provider in Romania, announced on Thursday, June 26, that it had awarded the tender for a floating photovoltaic panel system within the “Nufărul Pilot Project.” The public procurement was initiated through an open tender, with an estimated value of RON 47.2 million (EUR 9.5 million) excluding VAT. Two economic operators submitted […]
Bucharest is set to bring back its tourist bus service, following a decision by the city’s General Council on Wednesday, June 25, to establish a dedicated public transport line called “Bucharest City Tour,” Agerpres...
Romania has made limited progress in enhancing its framework against money laundering, terrorist financing, and proliferation financing, according to a recent report from the Council of Europe’s committee of experts on the evaluation of anti-money laundering measures and the financing of terrorism, or Moneyval. The committee noted that the country has taken several steps to […]
