Romania's FOB/CIF trade balance deficit stood at 9.320 billion EUR for the period 1 January - 30 April 2024, 440.1 million EUR higher (+5%) than that recorded in the corresponding period in 2023, according to data from the National Institute of Statistics (INS) published on Monday.In April 2024, FOB exports totalled 8.290 billion EUR and CIF imports totalled 10.962 billion EUR, resulting in a deficit of 2.672 billion EUR. Compared to April 2023, exports in April 2024 increased by 14.8% while imports increased by 17.8%.In the period from 1 January to 30 April 2024, FOB exports totalled 31.288 billion EUR, up 0.8% on the same period of the previous year, while CIF imports amounted to 40.609 billion EUR, up 1.7%.According to the INS, in the first four months of 2024, important shares in the structure of exports and imports are held by the product groups: machinery and transport equipment (47.2% for exports and 36.1% for imports) and other manufactured products (29.4% for exports and 28.4% for imports).Intra-EU27 trade exchanges in the first four months of the year was 22.736 billion EUR in exports and 29.903 billion EUR in imports, representing 72.7% of total exports and 73.6% of total imports.Extra-EU27 trade exchanges over the same period was 8.551 billion EUR in exports and 10.705 billion EUR in imports, representing 27.3% of total exports and 26.4% of total imports.
Romania’s prime minister Ilie Bolojan reportedly opposes the idea of further prolonging the price-capping mechanism introduced in August 2023 and repeatedly extended so far, according to Ziarul Financiar. Ambiguous statements over the weekend indicated an incipient conflict among the ruling coalition’s...
Several thousand civil servants rallied in Bucharest on September 15 to oppose government reform plans that would reduce public administration staff, Radio Romania Actualități reported. Protesters gathered in Victoriei Square before marching to the Palace of Parliament,...
A memorandum establishing a new stock exchange in the Republic of Moldova was signed on September 15 in Chișinău, with the Bucharest Stock Exchange (BVB) set to play a key role as shareholder and technology partner, according to Bursa.ro. The new Moldovan exchange will run...
The “service pensions”, also known as special pensions, paid to civilians (military not included in the report), cost the state budget and the state social insurance budget a total of RON 2.2 billion in 2024, over 22% more than in 2023,
The Czech company Tesla has officially announced to the government and local authorities that it is abandoning the project to build the energy storage factory in Brăila, an investment of EUR 90 million that was also to receive state aid, according to
Romanian households' purchasing power has deteriorated in July, both as a result of slower nominal advance (+5.2% y/y, the weakest in four years) but also because of a sharp rise in inflation (7.68% y/y) following the VAT rate hike, according to data published by the statistics office INS. The average net wage dropped by 3.0% […]
