The current account of the balance of payments recorded a deficit of 29.370 billion euros in 2024, compared to 21.491 billion euros in 2023, according to data released by the National Bank of Romania, published on Thursday.In its structure, the balance of goods recorded a deficit higher by 3.854 billion euros, the balance of services recorded a surplus lower by 1.815 billion euros, the balance of primary income recorded a deficit higher by 1.273 billion euros, and the balance of secondary income recorded a surplus lower by 937 million euros.During the period January - December 2024, the total external debt increased by 20.336 billion euros, up to 203.575 billion euros. In structure, long-term external debt amounted to 154.433 billion euros as of December 31, 2024 (75.9% of total external debt), up 12.7% compared to December 31, 2023. Short-term external debt recorded on December 31, 2024 the level of 49.142 billion euros (24.1% of total external debt), up by 6.3% compared to December 31, 2023.The long-term external debt service rate was 16.5% in December 2024, compared to 16.7% in 2023. The coverage rate of imports of goods and services on December 31, 2024 was 5.8 months, compared to 5.6 months on December 31, 2023.The coverage rate of short-term external debt, calculated at the residual value, with foreign exchange reserves at the NBR on December 31, 2024 was 100.3%, compared to 99.7% on December 31, 2023.
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
Authorities managing Romania's Bicaz Gorges–Hășmaș National Park has built a fish ladder system on the Bicaz River, which will allow protected species to migrate and reproduce. There are several bridges and small bridge structures in the Bicaz River that have a “bottom sill,” meaning small waterfalls. Fish that do not jump like the trout cannot […]
The far-right opposition parties in the Romanian Parliament are set to file a motion of no confidence against the government headed by prime minister Ilie Bolojan. The motion, authored by senator Ninel Peia of the Peace – Romania First group, is specifically aimed at the reformist party Save Romania Union (USR), and is entitled “Romania […]
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands. Several […]
Elon Musk's mother, Maye Musk, re-shared a post about the Craiova Christmas Market on X on Monday, December 1. She described the event as "beautiful" and included three emojis in her caption. The original post highlighted that the Craiova Christmas Market was taking place in a safe environment. "No concrete barriers. No armed guards. No […]
