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.
Romanian president Nicușor Dan and acting prime minister Ilie Bolojan marked the start of the 2026-2027 school year on Monday, September 7, with messages for students, teachers, and parents. Dan focused on the need for critical thinking and equitable access to education, while Bolojan presented the results of a major investment program in the sector. […]
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The meeting will take place at the Cotroceni Palace starting at 3 pm, according to the Presidential Administration. The agenda includes the Romanian Army’s 2027-2036 Endowment Plan and the Romanian Army 2044 Programme, as well as an assessment of SAFE programme implementation. The assessment document was approved at an inter-institutional working meeting on August 13. […]
A fragment of an aerial drone carrying an explosive load was found on Friday, September 4, five nautical miles east of the entrance to the Sulina branch of the Danube, Romania’s Ministry of Defense (MApN) announced. It was safely neutralized by an Explosive Ordnance Disposal (EOD) team of the Romanian Naval Forces, MApN said. On […]
Mihai Bordeanu, Managing Director for South-Eastern Europe at Dacia and Country Head for Romania, said the company was waiting for the government to act after discussions with “various government representatives”. “I’m waiting for the next five months. At this point the ball is in the court of the Romanian Government, which must have a more […]
Besides representatives of the companies involved, among those attending the ceremony were the US ambassadors to the countries of South-Eastern Europe: H.E. Ms. Kimberly Guilfoyle – the US Ambassador to Greece, Ms. Nicole Varnes - Chargé d'Affaires a.i. at the U.S. Embassy in North Macedonia and Mr. Joshua Volz - Special Envoy for Energy Integration […]
