The current account (CA) deficit in the 12 months to April 2025 increased by 46% y/y and reached EUR 33.4 billion, according to data published by the National Bank of Romania (BNR) on June 13.
The CA deficit to GDP ratio reached 9.4%, from 7.1% in April 2024 and 8.4% in 2024.
All the main elements of the CA balance have deteriorated in the 12 months to...
State-owned airline Tarom announced it was extending the suspension of flights to Tel Aviv, Beirut, and Amman. “Given the prolonged tense situation in the region, Tarom is extending the suspension of commercial flights to and from Tel Aviv (TLV), Beirut (BEY) and Amman (AMM),” the company said. The flights to Tel Aviv (TLV) are suspended […]
A total of 83% of respondents to a study carried out by lender Raiffeisen Bank in partnership with market research company Appinio have already made their vacation plans. A share of 6% will not go on holiday, while 12% have not yet finalized their vacation plans. About half of those who already have vacation plans […]
Electromontaj, the largest high-voltage electrical network constructor in Romania, has become the majority shareholder of insurer ABC Asigurări after acquiring the stake held by Hidroconstrucția, a company currently in insolvency. ABC Insurance is a general insurance company with 100% Romanian capital, present on the local market for over 25 years. In 2024, the company aimed […]
Registrations have opened for Romania ClimAccelerator, the program supporting green startups that propose innovative solutions in areas such as urban mobility, renewable energy, climate-smart agriculture, sustainable cities, circular economy, industrial emissions reduction, environmental education, and responsible consumption. Startups will be selected in two categories: Pre-Seed Stage, for teams at the beginning of their journey that […]
The town of Pecica, in Arad County, western Romania, is set to build a lake and a modern year-round functioning thermal pool in a bid to attract Romanian tourists that have so far gone to Hungary for similar facilities. The town initially planned to use thermal water for the heating system of 13 public buildings. […]
APADOR-CH, one of Romania’s oldest human rights organizations, has called on President Nicușor Dan to clarify how the state intends to combat disinformation without infringing on freedom of expression. In an open letter published on June 14, the organization raised concerns about the president’s recent statement that he would bring the issue of online disinformation […]
