Romania's FOB/CIF trade balance deficit as of end-May stood at EUR 12.288 billion, by EUR 1.230 billion higher (+11.1 pct) compared to the same period of the previous year, as FOB exports dropped 2.9 percent to EUR 38.236 billion, and CIF imports inched up 0.2 percent to EUR 50.824 billion, shows data released on Wednesday by the National Institute of Statistics (INS).The product groups with a significant share of the country's trade in the reporting period were machines and transport equipment (47.1 percent for exports and 36.5 percent for imports) and other manufactured products (29.6 percent for exports and 28.5 percent for imports, respectively).Intra-EU27 trade exchanges over January - May 2024 amounted to EUR 27.999 billion on the outbound and EUR 37.511 billion on the inbound, representing 72.7 percent of total exports and 73.8 percent of total imports, respectively.Extra-EU27 trade exchanges over the same period amounted to EUR 10.537 billion for exports and EUR 13.313 billion for imports, representing 27.3 percent of total exports and 26.2 percent of total imports.FOB exports in May 2024 totaled EUR 7.241 billion, and CIF imports stood at EUR 10.213 billion, resulting in a deficit of EUR 2.971 billion. Year-over-year, exports this May were 16.2 percent lower, and imports shrank 5.6 percent.
Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.). With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]
The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]
The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan. The series premieres on Sunday, June 22, […]
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox. A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]
The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
