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.
Romanian natural gas producer Romgaz (BVB: SNG) launched a EUR 500 million bond with a maturity of six years and a fixed coupon on October 28. This is Romgaz's second exit on the external capital markets, after the success of the previous EUR 500 million issue, with a five-year maturity, in October 2024. Both bonds […]
European Commissioner for Economy and Productivity Valdis Dombrovskis said in Bucharest on October 28 that Romania must adhere to its fiscal consolidation trajectory to ensure market stability and continued access to European funds. He spoke alongside Romanian Prime Minister Ilie Bolojan at a joint press conference. “The scope and nature of the measures taken correspond […]
Prime minister Ilie Bolojan has proposed Oana Gheorghiu, co-founder of the Dăruiește Viață Association, for the position of deputy prime minister, according to a government statement released on Tuesday, October 28. The nomination has been formally submitted to president Nicușor Dan for approval. Oana Gheorghiu is best known for co-founding Dăruiește...
The Romanian Senate adopted a draft law that automatically extends provisional protection orders and increases penalties for violating them on Monday, October 27. A total of 120 votes were recorded in favor. The bill extends provisional protection until the resolution in the first instance of the request for it, amending Law no. 217/2003 on preventing […]
BraveX Aero, a Romanian manufacturer of fixed-wing, long-range drones, announced on Tuesday, October 28, the signing of a strategic partnership with Germany’s Uniq Things UG, a technology company specializing in autonomous coordination and software for drone swarms. The technology allows for the simultaneous deployment of multiple drones, contributing to increased information and response capabilities for […]
The medieval citadel of Sighişoara, in central Romania, will host the first edition of the “Halloween in the Citadel” festival. The event will take place this weekend, between October 31 and November 2. The entire city center will be decorated in the spirit of Halloween with the ocassion. The towers and historic houses inside the […]
