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.
As global competition for university places continues to rise, families are increasingly seeking schools that not only deliver strong academics but also provide the networks, counselling, and preparation needed for the world’s most selective universities. Through its partnership with Dukes Education, Verita International School has become one of Romania’s strongest pathways to top global universities, […]
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
