The trade balance deficit (FOB/CIF) accounted for 27.211 billion euros in January-October this year, in Romania, higher by 3.993 billion euros (+17.2%) compared to the figure for the same interval last year, according to data published on Tuesday by the National Institute of Statistics (INS).During the mentioned period, FOB exports amounted to 77.731 billion euros, down by 1.2%, and CIF imports amounted to 104.943 billion euros, up by 3%, compared to the same period in 2023.Important shares in the structure of exports and imports are held by the following product groups: machinery and transport equipment (47% for exports and 36.4% for imports) and other manufactured products (28.8% for exports and 28.9% for imports).The value of intra-EU27 trade in goods during the period 1 January - 31 October 2024 was 56.244 billion euros for shipments and 75.796 billion euros for imports, representing 72.4% of total exports and 72.2% of total imports.The value of extra-EU27 trade in goods in the same period was 21.487 billion euros in exports and 29.146 billion euros in imports, representing 27.6% of total exports and 27.8% of total imports.In October 2024, FOB exports amounted to 8.449 billion euros, and CIF imports amounted to 12.174 billion euros, resulting in a deficit of 3.724 billion euros. Compared to October 2023, exports in October 2024 increased by 0.5%, and imports increased by 8.6%.According to the INS, the FOB/CIF trade balance is calculated based on the value of FOB exports and CIF imports, as the difference between them. The negative balance of the trade balance is called a deficit, and the positive one is called a surplus.
Two young Romanian energy specialists, one from Transelectrica, the operator of the national power system, and the other from the National Energy Regulatory Authority, were designated as members of the continental expert commission investigating the causes of the historic total blackout that affected Spain and Portugal. The blackout took place on April 28, 2025 and […]
More than 70% of Romanians would support an increase in defense spending so that Romania can defend its sovereignty in the event of military aggression, an INSCOP survey conducted between May 26-30 showed. Given the recent discussions on how Europe should reduce its military dependence on the US and NATO by increasing...
On Sunday, June 15, the 'Carol I' Central University Library (BCU) hosted an event in its unconventional creative space, launching a new platform for reflection on the kind of social contract humanity might need in the digital age — a 'Magna Carta AI.' The event was dedicated to exploring key principles that could guide the […]
APTIQ Global is pleased to announce a strategic partnership with SOGECC, a French specialist in tax, accounting and business advisory. Through this partnership, APTIQ and SOGECC are poised to deliver premium expertise in these areas tailored for all types of businesses, with a focus on SMEs, liberal professions and larger French and international companies. SOGECC's […]
Between June 21–23, 2025, Ferdinand Square in Oradea is set to host the first edition of the L’Arte della Pizza – Festa della Pizza Napoletana festival. The event is dedicated to the taste, tradition, and culinary spectacle of the southern Italian region. As part of the festival, pizza masters from Naples will come to Oradea […]
The exhibition Hemp - Back to the Future, set to open at the National Museum of the Romanian Peasant beginning June 18, is dedicated to the “rediscovery of hemp as a sustainable resource, located at the intersection of heritage, contemporary design, and applied research.” The exhibition, which can be visited in Bucharest until July 12, […]
