The current account of the balance of payments recorded, in the period January - March 2024, a deficit of 3.945 billion euros, 0.48% lower compared to the one of 3.964 billion euros in the period January - March 2023, the National Bank of Romania (BNR) informs on Tuesday.In its structure, the goods balance recorded a larger deficit by 8 million euros, the services balance recorded a smaller surplus by 434 million euros, the primary income balance recorded a larger deficit by 382 million euros, and the secondary income balance recorded a surplus greater by 843 million euros.Between January and March 2024, the total external debt increased by 7.643 billion euros, up to 177.726 billion euros. In the structure, the long-term external debt amounted to 129.063 billion euros on March 31, 2024 (72.6% of the total external debt), an increase of 6% compared to December 31, 2023. The short-term external debt recorded on March 31 2024 the level of 48.663 billion euros (27.4% of the total external debt), increasing by 0.7% compared to December 31, 2023.The long-term external debt service rate was 15.5% in March 2024, compared to 16.7% in 2023. The degree of coverage of imports of goods and services on March 31, 2024 was 6.1 months, in compared to 5.6 months on December 31, 2023.The degree of coverage of the short-term external debt, calculated at the residual value, with foreign exchange reserves at the BNR on March 31, 2024 was 102.6%, compared to 96.3% on December 31, 2023.
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]
The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]
