Romania’s current account (CA) deficit surged by 43% y/y to EUR 33.6 billion in 12 months to May 2025, driven by each of its main components but particularly by the 17% y/y wider trade deficit in goods, according to data published by the National Bank of Romania (BNR).
Romania’s CA gap thus hit 9.5% of GDP in the 12-month period, based on the latest available 4-quarter GDP (as of March 2025), up from 9.3% calculated one month earlier and 7.3% one year earlier.
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Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
Around 3.1 million Romanians lived outside the country in 2024, making Romania first among European Union countries in terms of the number of its citizens living abroad, in another EU member state, according to an infographic presented by the European Parliament. Roughly 16% of Romanians lived abroad last year, most in Italy (1.07 million), Germany […]
Hotel Cișmigiu in downtown Bucharest, part of Hercesa Romania’s portfolio since 2004, saw revenues and occupancy rise in the first half (H1) of 2025. Total revenues rose by 9% compared to the same period last year, while the hotel’s occupancy rate increased to 77%, up by six percentage points year-over-year. The Average Daily Rate (ADR) […]
The modernization of Reactor 1 within the Cernavodă nuclear power plant and the expansion of storage capacity for spent fuel have received environmental approval, according to energy minister Bogdan Ivan. Combined, the two projects will allow Reactor 1 to operate safely for another 30 years, providing 700 MW of energy, according to the official. The […]
The far-right Alliance for the Union of Romanians (AUR) filed a constitutional challenge against the "austerity law" recently passed by the Ilie Bolojan government through the assumption of responsibility procedure. AUR claims the law through which the first fiscal corrective package was adopted is "profoundly unjust, unconstitutional, and a cynical abuse of power that bypasses […]
