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.
President Klaus Iohannis is to hold consultations with the parliamentary parties on nominating a candidate for the prime minister job on Sunday, December 22, the Presidential Administration announced. The president, whose mandate has been extended after the
Step into 2025 with music, excitement, and unforgettable performances! New Year’s Eve at JW Marriott Bucharest Grand Hotel is not just a celebration – it’s a grand spectacle where world-class entertainment, live music, and vibrant energy come together for a night to remember. This year, we’ve curated a sensational lineup of artists and performers to […]
The Bucharest Police recently announced that the city will host several commemorative ceremonies marking 35 years since the Romanian Revolution of December 1989, causing traffic restrictions around the city. The restrictions will be in place from Friday to Sunday, December 20-22, 2024. On Friday, December 20, at around 10:00 AM, a religious/military ceremony with wreath-laying […]
Alex Florența, the General Prosecutor of Romania, said on Friday, December 20, that harsher punishments are needed to combat incitement to violence and Legionnaire propaganda (related to Mișcarea Legionară, a Romanian interwar fascist movement) in public spaces effectively. To that end, the office of the General Prosecutor will propose new measures to combat such phenomena. However, […]
Dennis Lloyd, Inna, Damian & Brothers, and Killa Fonic are among the artists who will perform at Flight Festival 2025. The festival is scheduled to take place between June 20 and June 22 at Timișoara’s Banat Village Museum. For three days, the venue “will open its doors for an experience that combines music, nature, and […]
Around 67% of Romanians believe that the economic situation will worsen, 7% higher than the previous year, according to the EY Consumer Index Romania 2024. Findings suggest a challenging start of 2025 both economically and politically in Romania. Additionally, in 2024, more than half of respondents (59%) were extremely concerned about conflicts and external wars. […]
