Romania's FOB/CIF trade balance deficit in 2024 rose to EUR 33.393 billion, up EUR 4.4 billion euros (+15.3%) from 2023, according to data published on Monday by the National Institute of Statistics (INS).In December 2024, FOB exports amounted to EUR 6.581 billion, and CIF imports to EUR 9.916 billion, which gave a EUR 3.336 billion deficit.As against December 2023, Romania's exports in December 2024 increased by 7.1% while imports increased by 3.5%.In 2024, FOB exports fell by 0.4% to EUR 92.691 billion, while CIF imports increased by 3.3% to EUR 126.084 billion. Important shares in the composition of exports and imports are held by machinery and transport equipment (47% of exports and 36.4% of imports) and other manufactured products (28.5% of exports and 28.6% of imports).The value of intra-EU27 trade in goods in 2024 was EUR 66.721 billion in exports and EUR 90.883 billion in imports, making up 72% of total exports and 72.1% of total imports.The value of extra-EU27 trade in goods in 2024 was EUR 25.97 billion in exports and 35.201 billion euros in imports, making up 28% of total exports and 27.9% of total imports.The FOB (Free on Board) price is the price at the border of the exporting country, which includes the value of the goods, all transport costs to the point of embarkation, as well as all the taxes that the goods must bear in order to be loaded on board.At the same time, the CIF price (Cost, Insurance, Freight) is the price at the border of the importing country, which includes both the components of the FOB price and the cost of insurance and international shipment.
The Romanian software company Life is Hard, listed on the Bucharest Stock Exchange under the ticker LIH, announced a strategic investment of EUR 250,000 in RepsMate, a deep-tech startup, on Friday, May 23. RepsMate specializes in conversational AI and the intelligent automation of company-customer interactions. The investment reinforces the growth in LIH’s ENGINE division, which […]
An autonomous, driverless bus was tested on Thursday, May 22, in Cluj-Napoca during the International Summit for Climate Neutrality, held under the slogan "Carbon OFF. Future ON,” to demonstrate the integration of modern technology into public transport. The bus performed a demonstration tour on a short route, starting from the Radisson hotel, crossing George Coșbuc […]
Romania’s national railway company CFR Călători announced on Thursday, May 22, that it will provide a daily direct connection from Bucharest to Varna starting June 13, and to Sofia and Istanbul/Halkali starting June 14. According to the cited source, the train will run on the new route from June 13 to October 13, 2025, and […]
Romanian filmmaker Bogdan Mureșanu will premiere his first animated short film, Magicianul/The Magician, at the prestigious Annecy International Animation Film Festival, taking place in France from June 8 to 14. The film, written, directed, and produced by Mureșanu, is the only Romanian title selected in the official competition, which features 35 productions...
US general Ben Hodges, the former head of the United States Army in Europe, said on Thursday, May 22, that if Russia attacks NATO, it will first bomb Romania’s port of Constanța and civilian targets. Hodges spoke in an interview about the possibility of reducing American troops in Europe, and implicitly in Romania. He added […]
Romania's national women’s handball team faces an uphill battle against Denmark, Japan, and Croatia in the group stage at the 2025 World Championship. The teams were selected on Thursday, May 22, at the Noordbrabants Museum in 's-Hertogenbosch, Netherlands. Romania was part of the second seeding pot at the draw for the groups of the 27th edition […]
