In 2023, the current account of the payment balance recorded a deficit of 22.694 billion euros, 12.85% lower than the one of 26.040 billion euros in 2022, the National Bank of Romania informed on Tuesday. In its structure, the balance of goods recorded a deficit lower by 2.990 billion euros, the service balance recorded an excess higher by 204 million euros, the primary income balance had a deficit lower by 9 million euros, while the secondary income balance recorded an excess higher by 143 million euros. Over January-December 2023, the total foreign debt grew by 24.926 billion euros, to 168.812 billion euros. The long term foreign debt was 121.162 billion euros on December 31, 2023 (71.8% of total foreign debt), on the rise by 22.8% against December 31, 2022; the short term foreign debt on December 31, 2023 was 47.650 billion euros (28.2% of total foreign debt) on the rise by 5.3% compared to December 31, 2022. The long term foreign debt service was 17.4% over January- December 2023, compared to 17.9% in 2022. The coverage degree of imports of goods and serviceson December 31, 2023 was 5.6 months, compared to 4.4 months on December 31, 2022. The short term foreign debt coverage, calculated as residual value, with BNR foreign currency reserves on December 31, 2023 was 97.4%, compared to 82.4% on December 31,2022.
eXp Realty, a leading independent real estate brokerage and a subsidiary of eXp World Holdings (Nasdaq: EXPI), has officially entered the Romanian market as part of its ongoing global expansion. The company also launched in Turkey, Peru, Japan, Ecuador, and South Korea in 2025. The company reported third-quarter sales volume of USD 54.1 billion and […]
About 75% of Romanian employees say that work plays an important role in their lives, but is not their life’s main purpose. Moreover, only 9% of Romanian employees are completely disengaged at work, according to a Pluxee-Ipsos study that surveyed 8,700 employees across 10 countries. Far from confirming the “Great Detachment,” the study presents several […]
The Romanian chain of stores Contakt, a leader in mobile phone accessories retail, announced its entry into the Czech market this week. The company is currently conducting an initial public offering (IPO) on the Bucharest Stock Exchange (BVB). Contakt has already signed for two locations in Prague, in premium retail areas located in high-traffic malls. […]
Romania is expected to be affected by a mass of Saharan dust between November 21 and 23, according to the National Meteorological Administration (ANM), as reported by Digi24. The airborne particles, carried by a south-westerly air flow, will spread across much of the country, with dust deposits becoming visible particularly in areas...
Romania’s business landscape has undergone a significant transformation, with company revenues tripling and profits increasing more than fourfold between 2008 and 2024, according to a comprehensive study released by Termene.ro. Based on official financial data, the research highlights what analysts describe as the country’s entry into a “new normal” of economic maturity. The study showed […]
The former Romanian midfielder Gheorghe Hagi is in 82nd place in the ranking of the greatest footballers of all time, compiled by international sports magazine The Athletic, cited by TuttoMercatoWeb. In the opinion of The Athletic, the greatest...
