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.
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
NEPI Rockcastle NV, Europe’s third largest listed retail real estate company by portfolio value, has appointed Romanian Marius Barbu as Chief Operating Officer (COO) with effect from April 1, 2026. He will succeed Marek Noetzel, current COO and CEO-designate. Barbu has also been nominated as a Board Director and will stand for election at the […]
Alexandru Bologa, Paralympic champion and world leader in the J1 –70 kg category, won the gold medal at the 2025 IBSA Judo Grand Prix for the visually impaired, held in Brazil’s São Paulo. This year, Bologa became world champion, European champion, and winner of several IBSA Grand Prix events. Arriving in Brazil as the world […]
The latest feature film by Romanian director Tudor Giurgiu, 3 Days in September (3 zile în septembrie), has been selected for the Limelight section of the International Film Festival Rotterdam (IFFR), one of the world’s leading film festivals. IFFR, with an average audience of around 275,000 viewers, alongside more than 2,000 film industry professionals from […]
