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 16th edition of Les Films de Cannes, the festival showcasing productions awarded or selected at the Cannes film festival, returns this fall to Bucharest and four other cities in the country. The winner of this year's Palme d'Or, Jafar Panahi's It Was Just an Accident, will be screened at the event, as will be […]
Răsvan Angheluţă Natural Sciences Museum in Galaţi is scheduled to reopen on September 20, after the completion of modernization works worth over 15.1 million lei (approximately EUR 3 million) carried out by the County Council through the recovery and resilience facility PNRR. The building hosts an Aquarium, an Astronomical Observatory, a Planetarium, and temporary exhibitions. […]
A team of Romanian paramedics won first place at the World Rescue Challenge 2025, a competition that sees first responders and trauma teams from around the world develop new skills and share knowledge. This year, the competition took place in Karlovac, Croatia, and was attended by two Romanian paramedics from Bucharest who have been working […]
Artmark, one of Romania’s leading auction houses, registered record sales of over EUR 15 million despite economic instability, showing the growth potential of the national art market, according to the company’s 2024-2025 market report. Overall, auction sales totaled EUR 11 million, up 8.2% compared to the previous year, while sales through the “Dependent de Artă” […]
Cybersecurity has become a major global priority, impacting individual users, companies, organizations, and public institutions. Social engineering, deepfakes, digital manipulation, and coordinated geopolitical attacks are fundamentally reshaping how we view the digital future. In this context, DefCamp, the largest cybersecurity and hacking conference in Central and Eastern Europe, reaffirms its role as a strategic hub […]
Romanian airline AnimaWings has received its fifth Airbus aircraft, an A220-300, as part of an ambitious expansion plan to build a fleet of 18 planes by the end of 2027, valued at over USD 1 billion. The A220-300 is the airline’s third of this type and will serve both domestic and international routes. Configured with […]
