In January - July 2025, the balance-of-payments current account posted a deficit of EUR 17,226 million, compared with EUR 14,691 million in the same year-ago period, the National Bank of Romania (BNR) informs in a press release.According to the quoted source, the breakdown shows that the deficit on trade in goods widened by EUR 1,942 million, the surplus on services expanded by EUR 330 million, the primary income deficit increased by EUR 96 million, while the secondary income surplus dropped by EUR 827 million.Non-residents' direct investments in Romania totalled EUR 4,269 million (compared with EUR 3,244 million in January - July 2024), of which equity (including the estimated reinvestment of earnings) and intercompany lending recorded net values of EUR 2,339 million and EUR 1,930 million, respectively.In January - July 2025, total external debt rose by EUR 15,264 million to EUR 220,157 million, of which: long-term external debt at end-July 2025 ran at EUR 171,099 million (77.7 percent of total external debt), up 10.4 percent against end-2024; short-term external debt at end-July 2025 amounted to EUR 49,058 million (22.3 percent of total external debt), down 1.7 percent from end-2024.Long-term external debt service ratio stood at 14.6 percent in January - July 2025 against 19.6 percent in 2024. At end-July 2025, goods and services import cover ran at 5.6 months, as compared to 5.7 months at end-2024.At end-July 2025, the ratio of the National Bank of Romania's foreign exchange reserves to short-term external debt by remaining maturity came in at 100.4 percent, as against 99.1 percent at end-2024.
Romanian cosmetics company Caress Society has announced plans to build a modern production facility in Filipeștii de Tîrg, Prahova County, with a total investment of RON 17.6 million (some EUR 3.5 million). The project will be co-financed through the Just Transition Program 2021–2027, with approximately 70% covered by EU funds and the rest from the […]
Romania ranks 36th globally by the size of central bank reserves, around USD 73 billion, according to The World Factbook, but based on 2024 data. The 36th place is the same as the country’s position by the size of its economy in the world, with GDP calculated at purchasing power parity. However, this year the […]
Romania has been officially selected to compete at Bocuse d’Or Europe 2026, marking the first time the country will take part in the world’s most prestigious culinary competition. There will be 20 participating nations at the European edition, which will take place in Marseille, France, in March 2026. The countries that qualify in Marseille will […]
The City Hall of Tășnad, located in Satu Mare County, north-western Romania, has received six bids for the construction of a new water park. The project is valued at RON 138.2 million (approximately EUR 27.2 million), and the building is scheduled to take 3 years. The water park, named Aquapark Transilvania Terme Tășnad, will cover […]
Libris and Save the Children Romania announce the launch of the seventh edition of the CarteTeca program, through which 50 school libraries across the country will be equipped with new books, supported by a total investment of RON 250,000. Registrations for this year’s edition open today, on the platform libris.ro/carteteca. To date, the project has […]
Half of Romanians fear that they will not be able to maintain a comfortable standard of living after retirement, according to the Retail Banking Radar report, produced by the consulting company Kearney. Romania is thus above the European average (47%). According to the report, as quoted by Bursa.ro,...
