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.
Romanian singer Alexandra Ușurelu will perform a Christmas Charity Concert on Thursday, December 18, at the Ibis Bucharest Politehnica Hotel. The event will raise funds to support the education of 100 children with severe illnesses through the Păsări Association. According to the organizers, each ticket purchased will contribute directly to this cause. Alexandra Ușurelu, known […]
eXp Realty, a leading independent real estate brokerage and a subsidiary of eXp World Holdings (Nasdaq: EXPI), has officially entered the Romanian market as part of its ongoing global expansion. The company also launched in Turkey, Peru, Japan, Ecuador, and South Korea in 2025. The company reported third-quarter sales volume of USD 54.1 billion and […]
About 75% of Romanian employees say that work plays an important role in their lives, but is not their life’s main purpose. Moreover, only 9% of Romanian employees are completely disengaged at work, according to a Pluxee-Ipsos study that surveyed 8,700 employees across 10 countries. Far from confirming the “Great Detachment,” the study presents several […]
The Romanian chain of stores Contakt, a leader in mobile phone accessories retail, announced its entry into the Czech market this week. The company is currently conducting an initial public offering (IPO) on the Bucharest Stock Exchange (BVB). Contakt has already signed for two locations in Prague, in premium retail areas located in high-traffic malls. […]
Romania is expected to be affected by a mass of Saharan dust between November 21 and 23, according to the National Meteorological Administration (ANM), as reported by Digi24. The airborne particles, carried by a south-westerly air flow, will spread across much of the country, with dust deposits becoming visible particularly in areas...
Romania’s business landscape has undergone a significant transformation, with company revenues tripling and profits increasing more than fourfold between 2008 and 2024, according to a comprehensive study released by Termene.ro. Based on official financial data, the research highlights what analysts describe as the country’s entry into a “new normal” of economic maturity. The study showed […]
