Romania posts largest current account deficit in EU during Q4 2024

Business Forum

4 April, 2025 at 5:03 PM

Eurostat data shows that 18 member states recorded surpluses, eight recorded deficits and one member state had its current account in balance in Q4 2024.

The highest surpluses were observed in Germany (+€50.4 billion), the Netherlands (+€38.9 billion), Ireland (+€18.2 billion), Denmark (+€15.2 billion), France (+€14.8 billion), Italy (+€9.9 billion) and Sweden (+€9.7 billion).

Meanwhile, the largest deficits were recorded for Romania (-€9.4 billion) and Greece (-€7.3 billion).

The EU seasonally adjusted current account of the balance of payments recorded a surplus of €113.2 billion (+2.5% of GDP), compared with a surplus of €107.5 billion (+2.4% of GDP) in Q3 2024 and a surplus of €103.4 billion (+2.4% of GDP) in Q4 2023.

Ima Residence kicks off new resi project in northern Bucharest

Romanian developer Ima Residence, controlled by local entrepreneur Claudiu Diaconu, is launching a new boutique project in Pipera, northern Bucharest, backed by a €15 million euro investment.

Real estate

Skanska sells office building in Bucharest to Gránit Asset Management

Skanska has finalised an agreement to sell the first phase of its Equilibrium office complex in Bucharest to the Gordiusz Private Equity Fund, managed by Gránit Asset Management, for €52 million. 

Energy

Romania sees lower oil production, higher imports at the start of 2025

Romania produced 219,000 tonnes of oil equivalent (toe) in January 2025, down 4.5% compared to the same period of the previous year.

Real estate

Resi pipeline in Bucharest region totals 18,000 units in 2025

Bucharest is bracing for another year of low residential deliveries, mirroring the trend observed in 2024. Approximately 18,000 new homes are expected to be completed in Bucharest and its surrounding areas in 2025, according to a report by SVN Romania. 

Real estate

Infrastructure and retail drive Romanian construction in 2025

Romania's construction industry maintained a high level of activity in 2024, despite a slight 4% decrease compared to the previous record year, according to data from the National Institute of Statistics (INS). However, compared to 2018, the volume of construction works was 78% higher during 2024.

Real estate

Fewer homes get completed in Romania in Q1-Q3 2024

The total number of homes completed in Romania in the first nine months of the year was 42,312, down by 18.1% compared to the same period last year, according to a report by the National Institute of Statistics (INS).