According to the National Bank of Romania (BNR) data, in January – February 2024p, the balance-of-payments current account posted a deficit of EUR 2,707 million, compared with EUR 2,171 million in January – February 2023. The breakdown shows that the deficit on trade in goods declined by EUR 39 million, the surplus on services fell by EUR 456 million, the primary income deficit increased by EUR 516 million, while the secondary income registered a surplus of EUR 345 million, compared to a deficit of EUR 52 million in the same year-ago period. Non-residents’ direct investmente in Romania totalled EUR 1,229 million (compared with EUR 1,345 million in January – February 2023), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 1,105 million and EUR 124 million, respectively. In January – February 2024, total external debt increased by EUR 6,766 million to EUR 176,849 million, of which: long-term external debt at end-February 2024 ran at EUR 128,439 million (72.6 percent of total external debt), up 5.5 percent against end-2023; short-term external debt at end-February 2024 amounted to EUR 48,410 million (27.4 percent of total external debt), up 0.2 percent from end-2023. Long-term external debt service ratio stood at 10.9 percent in February 2024 against 16.7 percent in 2023. At end-February 2024, goods and services import cover ran at 6.1 months, as compared to 5.6 months at end-2023. At end-February 2024, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 101.2 percent, as against 96.3 percent at end-2023.
The restructuring plan laid out by Liberty Galați was validated by the Galați Court on Friday, August 1, after having been approved by 52% of the ailing plant’s creditors last month. The plan, approved by creditors and confirmed by the Galați Court, sets out firm measures to restructure both the company’s operational activity and the […]
Animest, Romania’s leading animation film festival, returns to Bucharest this autumn with a special 20th anniversary edition. Running from October 3 to 12, the festival invites audiences to explore the theme of "the journey” - a metaphor for both its two-decade history and the personal, emotional paths traced through animated storytelling, the organizers said. Last […]
An article delving into the benefits of hydrotherapy, published by the famous US newspaper The New York Times, features a recommendation for six wellness centers, including Romania’s Therme center. According to the article, “studies show that immersion in water, hot or cold, can calm the nervous system, reduce joint pain and inflammation, stimulate circulation, lower […]
Plastic surgeon Tiberiu Paul Neagu, head of the Burns Center at Floreasca Hospital, one of the major hospitals in Bucharest, was dismissed on Monday, August 4, after a patient was transferred to Belgium following multiple multi-resistant hospital-acquired infections. The scandal broke out when a patient with burns over 70% of her body, who had been […]
The Buzău Land/Ținutul Buzăului UNESCO Global Geopark has received high praise from evaluators following a three-day official visit aimed at assessing its progress and determining whether the site will retain its UNESCO geopark status. The visit, conducted in June by Goran Radonic (Croatia) and Iván Cortijo Sánchez (Spain), concluded with positive feedback for the geopark […]
One United Properties (BVB: ONE), a publicly listed developer that has so far been focused on Bucharest, announced the signing of a promissory sale and purchase agreement for land located in a prime central area of Sibiu. The site, located on the former FLARO industrial platform, offers significant potential for urban regeneration, according to company […]
