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.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
