In January - February 2025, the balance-of-payments current account posted a deficit of EUR 4,809 million, compared with EUR 2,600 million, 85% higher, in the first two months of 2024, the National Bank of Romania (BNR) informs in a press release on Friday.The breakdown shows that the deficit on trade in goods widened by EUR 1,502 million, the surplus on services fell by EUR 187 million, the primary income deficit increased by EUR 93 million, while the secondary income surplus decreased by EUR 427 million.In January - February 2025, total external debt rose by EUR 3,394 million to EUR 208,287 million, of which: long-term external debt at end-February 2025 ran at EUR 158,505 million (76.1 percent of total external debt), up 2.3 percent against end-2024; short-term external debt at end-February 2025 amounted to EUR 49,782 million (23.9 percent of total external debt), down 0.2 percent from end-2024.Long-term external debt service ratio stood at 10.6 percent in January - February 2025 against 19.6 percent in 2024. At end-February 2025, goods and services import cover ran at 5.9 months, as compared to 5.7 months at end-2024.At end-February 2025, the ratio of the National Bank of Romania's foreign exchange reserves to short-term external debt by remaining maturity came in at 99.5 percent, as against 99.1 percent at end-2024.
Romanian environment minister Mircea Fechet stated on Thursday, April 24, that the Deposit-Return System, or SGR, has reached a sufficient level of maturity to consider introducing a fourth category of packaging, namely reusable packaging. According to the minister, who was present at the "SGR in Romania" conference that day, a draft Government Decision making the […]
Coffee brand Tchibo Romania relocated its headquarters to Business Garden Bucharest, Building A, 4th floor, occupying a space of 1,130 square meters. The rental transaction was facilitated by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate alliance. “Tchibo, in the process of relocating its headquarters and consolidating its business with a new […]
In a world where customer attention is fragmented and advertising ROI is under constant scrutiny, Auchan Romania is setting a new standard for how brands connect with shoppers. “We’ve practically revolutionized the way we communicate and interact with consumers,” says Tiberiu Dănețiu, Director of Corporate Affairs & Retail Media at Auchan Romania, as he outlines […]
The hotel market in Bucharest is poised for significant growth, with over 1,000 new rooms expected to be added to the city’s accommodation capacity by 2027, according to a new report from real estate consulting company Cushman & Wakefield Echinox. This projected expansion comes on the back of a strong performance in 2024, as key […]
Mark Twain International School (Mark Twain IS), the first private school in Romania to offer a dual curriculum, officially announces the opening of its Admissions Center for the new campus currently under construction in Ilfov. This marks an important step in expanding the international educational network beyond Bucharest, meeting the needs of families living in […]
Romanian artists have learned to share aesthetic content with the world within the past few years. Unlike the traditional means of television and radio, the internet offers a limitless opportunity for them to showcase their talent. Through various digital platforms, artists are able to upload songs, videos, and stories, enabling a wider audience, unlike the […]
