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.
The Supreme Council of National Defense (CSAT) has approved the acquisition of a new light corvette for the Romanian Naval Forces, part of the country's military modernization efforts. The decision was made during a meeting on Friday, March 28, at Cotroceni Palace, presided over by interim president Ilie Bolojan. The procurement process will be initiated […]
The National Audiovisual Council (CNA), which governs TV and media in Romania, has recently come under fire after it issued an order for the removal of a video in which a journalist states that the decision of the Central Electoral Bureau to eliminate pro-Russian Călin Georgescu from the presidential race is a coup d'état. The […]
A report from World Vision Romania draws attention to how exposure to toxic content on social media is increasingly affecting girls and young women. Due to insecurities about their bodies, six out of ten teenage girls have tried extreme or unhealthy diets at least once in their lives so as to lose or gain weight. Social […]
Famed Argentine-born pianist Martha Argerich was awarded the "Faithful Service Order in the rank of Grand Officer" by the Romanian Presidency, represented by Romanian Honorary Consul to Switzerland Ion Marin, during a special ceremony held on March 27 at Lugano. The ceremony was attended by Andreea Guțu, Chargé d’Affaires ad interim at the Romanian Embassy […]
A study conducted by CED Romania and Accenture, with the support of the European Accessibility Resource Centre AccessibleEU, shows that when meeting a person with disabilities for the first time, half of Romanians without disabilities want to help and be useful, but many more (66%) fear causing offense. The study also reveals major gaps between […]
A recently launched hop-on hop-off tourist bus service in Romania connects UNESCO heritage sites between Sibiu, Sighișoara, and Brașov in the famous region of Transylvania. Operated by Carpathian Travel Center in partnership with the Sibiu County Tourism Association, the UNESCO-Bus offers visitors the freedom to discover the breathtaking landscapes and medieval landmarks of the Transylvanian […]
