In January 2025, Romania's balance-of-payments current account posted a deficit of EUR 1,646 million, compared with EUR 1,420 million in January 2024, the National Bank of Romania (BNR) reported on Monday.A breakdown shows that the deficit in trade in goods widened by EUR 719 million, the surplus on services fell by EUR 87 million, the primary income balance made a positive contribution of EUR 654 million, while the secondary income surplus decreased by EUR 74 million.In January 2025, total external debt decreased by EUR 1,632 million to EUR 201,943 million, of which long-term external debt at end-January 2025 ran at EUR 153,461 million (76% of total external debt), down 0.6% against end-2024; short-term external debt at end-January 2025 amounted to EUR 48,482 million (24% of total external debt), down 1.3 % from end-2024.Long-term external debt service ratio stood at 8.8% in January 2025 as against 16.5% in 2024. At end-January 2025, goods and services import cover ran at 5.9 months, as against 5.8 months in late 2024.As of end-January 2025, the ratio of the National Bank of Romania's foreign exchange reserves to short-term external debt by remaining maturity came in at 98.6%, as against 100.3% at end-2024.
It's almost impossible to think about anything not related to elections this weekend but if you should need some distraction, there are options. Happening now is the European Film Festival, screening recent productions from the continent, very varied in theme, tone, and genre. The fest is playing Bucharest, Sfântu Gheorghe and Timișoara until Sunday and […]
Modernization work is ready to start at Bucharest’s Henri Coandă International Airport, also known as the Otopeni Airport, following an investment of over RON 112.4 million (some EUR 22 million) led by the National Company Bucharest Airports (CNAB), news agency Agerpres reported. The company...
Paris Hilton, who will be present at IntenCity Craiova, a festival organized this summer between June 26–29, sent a message to her fans in Romania. "I'm excited to perform at the IntenCity Festival on June 28. It's going to be so much fun! See you there," Paris Hilton told those who will come to Craiova. […]
AMAIS (Association for Alternative Methods of Social Integration) has officially launched the SeeYou mobile app, an innovative platform that connects visually impaired individuals with volunteer guides who can accompany them during everyday activities - from medical appointments or shopping to park strolls or cultural events. SeeYou is the first mobile app of its kind in […]
SAI Broker, a Romanian investment management company part of BRK Financial Group, listed a new ETF on the Regulated Market of the Bucharest Stock Exchange (BVB) on May 16, under the stock symbol BKBETETF. The ETF aims to fully replicate the structure of the main index, BET. The BET index reflects the evolution of the […]
An investment of over RON 1.26 billion, approximately EUR 254 million, is set to be made in the Port of Constanța, to increase maritime transport capacity and the volume of commercial exchanges. The funds will be used for the construction of a quay and the development of a port area covering 550,000 square meters. The […]
