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.
TEKUNI, a program dedicated to students and young entrepreneurs, was launched in Timișoara through a pilot project, with a future goal of nationwide expansion. The program offers a complete training path, structured into 7 modules that cover all stages of building a startup: from idea validation and MVP development to branding, marketing, legislation, finance, leadership, […]
The Romanian capital will be in the spotlight at the festival Un Week-end à l'Est, which runs in Paris until December 1. The event, which aims to present the artistic, literary, and intellectual richness of an Eastern European city, has previously focused on Warsaw, Odessa, Kyiv, Sofia, or Budapest. At its ninth edition, it is […]
Romanian tax agency ANAF has sued former president Klaus Iohannis in order to recover the loss of use of half of a property in the center of Sibiu. “The action represents a continuation of the steps that ANAF has taken for the recognition of the state’s ownership right and the recovery of compensation determined by […]
Romania will face Turkey in the semi-final of the World Cup qualifying play-offs, with the match scheduled to take place away from home on March 26 next year, Biziday.ro reported. A win would send the national team into the play-off final on March 31, where it would meet the winner of the Slovakia–Kosovo match. Romania […]
An exhibition showcasing various depictions of the traditional Romanian blouse ia, including Henri Matisse’s iconic La Blouse Roumaine, is opening this weekend in Bucharest, while Cluj is entering festive mode with...
Mercenary Horațiu Potra, who faces charges of attempting to undermine constitutional order in Romania, is being flown back to Bucharest under police escort after authorities in the United Arab Emirates approved his extradition,
