In January - October 2024, the balance-of-payments current account posted a deficit of EUR 24,210 million, compared with EUR 18,453 million in the same year-ago period, according to a National Bank of Romania (BNR) press release.The breakdown shows that the deficit on trade in goods widened by EUR 3,706 million, the surplus on services fell by EUR 1,690 million, the primary income deficit increased by EUR 793 million, while the secondary income surplus grew by EUR 432 million.Long-term external debt service ratio stood at 15.7 percent in October 2024 against 18 percent in 2023. At end-October 2024, goods and services import cover ran at 5.8 months, as compared to 5.6 months at end-2023.At end-October 2024, the ratio of the National Bank of Romania's foreign exchange reserves to short-term external debt by remaining maturity came in at 103.5 percent, as against 99.7 percent at end-2023.
Alt.Real and RongoDesign have been named the winners of the 2025 Romania ClimAccelerator in the Seed Stage category, the organizers announced. The program is dedicated to supporting early-stage climate-focused startups. This year’s accelerator selected 25 startups split between two tracks: 10 in the Pre-Seed Stage for early teams with a validated idea and 15 in […]
This week, the EDIT association launched the mural “Write your story through sport,” dedicated to Olympic and world swimming champion David Popovici. The work, created by the Sweet Damage Crew on an area of approximately 400 sqm on Simion Bărnuțiu Street in Timișoara, is part of the Outline Streetart urban revitalization project and promotes sport, […]
Romania’s Artmark Group, a major operator in the art and collectibles market in Romania, Bulgaria, and Croatia, appointed Sorin Paul Suciu as Chief Executive Officer (CEO). Suciu takes over the operational and strategic coordination of the group in a phase of accelerated development, according to the company. He has over 25 years of experience in the […]
Romanian defense minister Ionuț Moșteanu resigned on Friday, November 28, after a scandal regarding inconsistencies in his resume triggered by a journalistic investigation. The controversy erupted after Libertatea reported that Moșteanu had falsely claimed in his first...
AnimaWings, the Romanian airline founded in 2020, has introduced new all-inclusive service packages on both international and domestic flights, marking what the company describes as a first in its onboard offering. The packages, named Priority All Inclusive and Priority All Inclusive Plus, combine baggage, meals, drinks, premium seating, and airport priority services into a single […]
Property developer M Core has opened M Park Orăștie, a new retail park developed on a 23,000 sqm plot in an established commercial area of the Romanian city. The project delivers around 5,500 square meters of single-level retail space, designed to accommodate a mix of fashion, homeware, electronics, and everyday essentials retailers. The company said […]
