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.
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
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 […]
