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.
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
Romania’s Social Democratic Party (PSD) has de facto frozen all major government reforms until it completes internal consultations on whether to remain in the ruling coalition, with a final decision expected at the end of January 2026. The party’s move is seen as an attempt to strengthen its negotiating position within the ruling coalition (for […]
Romanian president Nicușor Dan has invited prosecutors and judges to a meeting on December 22 to discuss concerns over the functioning of the judiciary, after almost 200 magistrates publicly alleged integrity problems within the system. In a message published on Facebook on December 11, Dan said the situation required urgent attention. “When...
