In January - July 2024, the balance-of-payments current account posted a deficit of EUR 15,178 million, compared with EUR 11,328 million in January - July 2023, according to a National Bank of Romania (BNR) release.The breakdown shows that the deficit on trade in goods widened by EUR 2,531 million, the surplus on services fell by EUR 1,303 million, the primary income deficit increased by EUR 538 million, while the secondary income surplus grew by EUR 522 million.In January - July 2024, total external debt increased by EUR 10,247 million to EUR 180,330 million, of which: long-term external debt at end-July 2024 ran at EUR 131,851 million (73.1 percent of total external debt), up 8.3 percent against end-2023; short-term external debt at end-July 2024 amounted to EUR 48,479 million (26.9 percent of total external debt), up 0.3 percent from end-2023.Long-term external debt service ratio stood at 16.4 percent in July 2024 against 16.7 percent in 2023. At end-July 2024, goods and services import cover ran at 5.9 months, as compared to 5.6 months at end-2023.At end-July 2024, the ratio of the National Bank of Romania's foreign exchange reserves to short-term external debt by remaining maturity came in at 103.8 percent, as against 96.3 percent at end-2023.
Roughly 8 out of 10 chief financial officers, or CFOs, from Romania’s largest companies say they now need constantly updated financial forecasts, unlike previous years when the focus was primarily on financial results, budgeting, and accounting, according to Inulta, a company specializing in Corporate and Enterprise Performance Management. The forecasts come to offer a degree […]
Romanian prosecutors have placed a precautionary seizure on the accounts and assets of the mercenary Horațiu Potra, in a case of tax evasion, embezzlement, and money laundering. The measure targets over RON 24 million, nearly 30 kilograms of gold, a property in Bucharest, and 11 properties and apartments in Sibiu. According to investigators cited by […]
The first sales figures from two of the largest European markets, France and Germany, both major markets for the Dacia brand, show that the debut of the carmaker's largest SUV, the Bigster, has been impressive. June data on car registrations in Germany show that the Dacia Bigster managed to sell 1,227 units in its second […]
After a 2024 marked by adaptation and consolidation, Romanian eCommerce entered 2025 with a more restrained dynamic. According to MerchantPro Compass, the biannual analysis conducted by MerchantPro, a SaaS eCommerce platform supporting over 2,000 active online stores—the first half of this year confirms a paradigm shift: it’s no longer about how much you sell, but […]
The TIFF Unlimited Caravan is hitting the road for the 16th consecutive year, bringing a diverse selection of Romanian and international films to audiences across the country. From July to September 2025, the traveling film series will stop in ten towns and cities, offering outdoor and indoor screenings of comedies, love stories, and family-friendly films. […]
Home sales decreased by 3.4% in Romania in the first six months of 2025 when compared to the result registered in the same period last year. Sales were down 7.9% in Bucharest and Ilfov in the same period, according to a market analysis issued by real estate consultant SVN Romania and based on official statistics […]
