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.
Elon Musk's mother, Maye Musk, re-shared a post about the Craiova Christmas Market on X on Monday, December 1. She described the event as "beautiful" and included three emojis in her caption. The original post highlighted that the Craiova Christmas Market was taking place in a safe environment. "No concrete barriers. No armed guards. No […]
Real estate developer Globalworth has begun construction on Green Court D, the fourth building in its Green Court office complex in Bucharest’s Aurel Vlaicu area. Scheduled for completion in 2027, the project is now in its preliminary phase, which includes enclosure works and excavation for the basement structure, the company said. The new building will […]
Romania’s National Committee for Emergency Situations decided to distribute drinking water from the state reserves to 13 localities in the counties of Prahova and Dâmboviţa. The area was severely impacted by a drop in water levels at the Paltinu Dam, leading to problems in the water distribution system and affecting over 100,000 people, local hospitals, […]
Rock star Marilyn Manson will return to Romania next summer to perform at Rockstadt Extreme Fest, organizers announced on Tuesday, December 2. He is among the headliners confirmed for the local rock and metal festival, which will take place from July 27 to 31 in Ghimbav, Brașov county. “For the first time ever, Marilyn Manson […]
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
