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.
TEKUNI, a program dedicated to students and young entrepreneurs, was launched in Timișoara through a pilot project, with a future goal of nationwide expansion. The program offers a complete training path, structured into 7 modules that cover all stages of building a startup: from idea validation and MVP development to branding, marketing, legislation, finance, leadership, […]
The Romanian capital will be in the spotlight at the festival Un Week-end à l'Est, which runs in Paris until December 1. The event, which aims to present the artistic, literary, and intellectual richness of an Eastern European city, has previously focused on Warsaw, Odessa, Kyiv, Sofia, or Budapest. At its ninth edition, it is […]
Romanian tax agency ANAF has sued former president Klaus Iohannis in order to recover the loss of use of half of a property in the center of Sibiu. “The action represents a continuation of the steps that ANAF has taken for the recognition of the state’s ownership right and the recovery of compensation determined by […]
Romania will face Turkey in the semi-final of the World Cup qualifying play-offs, with the match scheduled to take place away from home on March 26 next year, Biziday.ro reported. A win would send the national team into the play-off final on March 31, where it would meet the winner of the Slovakia–Kosovo match. Romania […]
An exhibition showcasing various depictions of the traditional Romanian blouse ia, including Henri Matisse’s iconic La Blouse Roumaine, is opening this weekend in Bucharest, while Cluj is entering festive mode with...
Mercenary Horațiu Potra, who faces charges of attempting to undermine constitutional order in Romania, is being flown back to Bucharest under police escort after authorities in the United Arab Emirates approved his extradition,
