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.
Moldovan low-cost carrier FLYONE Airlines said it will expand its operations in Romania with the launch of seven new direct routes from Bucharest’s Henri Coandă International Airport starting in the summer 2026 season. Thus, the company said, passengers will be able to fly directly from Bucharest to Paris, London Luton, Frankfurt, Barcelona, Dublin, Nice, and […]
Romania allocated 1.9% of its Gross Domestic Product (GDP) to environmental protection in 2024, the equivalent of RON 28 billion (some EUR 5.6 billion), according to data published on Friday, October 24, by the National Institute of Statistics (INS) and quoted by Agerpres. The largest share of spending went to waste recovery,...
Sorin Grindeanu, the interim leader of the Social Democratic Party (PSD), the largest in Romania’s ruling coalition, has attacked prime minister Ilie Bolojan whose resignation he asked unless a committee is set up with the participation of the Supreme Magistracy Council (CSM) and the High Court (ICCJ) on re-writing the magistrates’ pensions law recently rejected […]
The government of Romania approved the signing of an agreement and the establishment of a joint commission with the Republic of Moldova to coordinate all activities related to the construction of the new road bridge over the Prut river, in the Bumbata - Leova area, Profit.ro announced. Earlier this year, in April, the construction of […]
After the IPO conducted by Romanian cold-cuts producer Cris-Tim was heavily oversubscribed on the retail segment during the first days (when a discount applied), the institutional investors have already covered their segment with offers - while the price has still not increased significantly above the lower-end bound, according to
Romania's telecom operator Digi Communications (BVB: DIGI) announced on October 23 in a note to investors that it has increased the bond issue initially announced at EUR 500 million to EUR 600 million, setting an interest rate of 4.625% per year and maturity in 2031. Most of the money will be used for refinancing. The […]
