In January - March 2025, the balance-of-payments current account posted a deficit of EUR 7,656 million, compared with EUR 4,201 million in the same year-ago period, according to the data the National Bank of Romania (BNR) published on Wednesday.The breakdown shows that the deficit on trade in goods widened by EUR 1,997 million, the surplus on services fell by EUR 503 million, the primary income deficit decreased by EUR 140 million, while the secondary income balance made a negative contribution of EUR 1,095 million.In January - March 2025, total external debt rose by EUR 514 million to EUR 205,407 million, of which: long-term external debt at end-March 2025 ran at EUR 156,881 million (76.4 percent of total external debt), up 1.2 percent against end-2024; short-term external debt at end-March 2025 amounted to EUR 48,526 million (23.6 percent of total external debt), down 2.7 percent from end-2024.Long-term external debt service ratio stood at 11.5 percent in January - March 2025 against 19.6 percent in 2024. At end-March 2025, goods and services import cover ran at 5.7 months, a level similar to that of 31 December 2024.At end-March 2025, the ratio of the National Bank of Romania's foreign exchange reserves to short-term external debt by remaining maturity came in at 101.4 percent, as against 99.1 percent at end-2024.
Ten Romanian women have been selected to join the 2025 edition of the Empowering Women in Agrifood (EWA) accelerator program, organized by Impact Hub Bucharest in partnership with EIT Food, the world’s largest food innovation community supported by the European Institute of Innovation and Technology (EIT). The program supports early-stage female-led businesses in the agrifood […]
Romanians spent EUR 59 million at the cinema in 2024, down 5% from the previous year, as higher ticket prices and fewer spectators contributed to a cooling market, according to data from the Romanian Film Center analyzed by Cushman & Wakefield Echinox. While the average ticket price rose by 10% to RON 26.1, the number […]
In April 2025, about 4,350 employees from 14 counties of Romania were left without a job following employers' decisions to carry out collective layoffs, according to data reported by the Territorial Labor Inspectorate for each county that responded to Ziarul Financiar. Most employees left without a job...
Romanian pharmaceutical producer Antibiotice Iași (BVB: ATB) announced that it secured its fifth consecutive contract with the United Kingdom's National Health Service (NHS), significantly increasing its presence in the British market for injectable beta-lactam antibiotics. The agreement involves the supply of seven million vials of five types of sterile injectable penicillins to UK hospitals over […]
Swiss-based VAT Group, a global leader in vacuum valve manufacturing, announced in a press release on June 5 that it inaugurated a new factory in Arad, western Romania, marking its third major operational hub worldwide. The new facility joins VAT's global network alongside its headquarters in Switzerland and a key unit in Malaysia. The new […]
Romania's sole flat steel producer and among the few still operational in Europe, Liberty Galati (part of GFG Alliance's Liberty Steel Group), announced it resumed activity on June 4 after idling for an entire year amid adverse market conditions. Over the past year and a half, the company received EUR 292 million in government-guaranteed loans from […]
