The trade balance deficit (FOB/CIF) increased by 17.7pct up to 30.054 billion euros January through November, 2024, higher by 4.518 billion euros (+17.7%) compared to the deficit recorded in the same period last year, according to data released by the National Institute of Statistics (INS) on Friday.According to the INS, in the first nine months of the year, important shares in the structure of exports and imports are held by the following product groups: machinery and transport equipment (47% in exports and 36.5% in imports) and other manufactured products (28.7% in exports and 28.9% in imports).In November 2024, FOB exports amounted to 8.389 billion euros, and CIF imports amounted to 11.227 billion euros, resulting in a deficit of 2.837 billion euros. Compared to November 2023, exports in November 2024 increased by 1.6%, and imports increased by 6.2%.The value of intra-EU27 trade in goods in the period January - November 2024 was EUR 62.338 billion in shipments and EUR 83.923 billion in 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 EUR 23.772 billion in exports and EUR 32.242 billion in imports, representing 27.6% of total exports and 27.8% of total imports.
Romania’s green startup ecosystem is gaining more and more momentum, driven by a skilled workforce, reforms aligned with EU policies, and the climate emergency, according to a report prepared by Startarium and Impact Hub Bucharest. In 2024, there were over 2,300 startups in Romania, with a total estimated value of approximately EUR 19 billion. Romania […]
The global IT hub established by JTI in Romania has expanded from 140 employees at the beginning of the year to 170 currently, and is set to exceed 200 by the end of 2025. Located in Bucharest, the hub is one of JTI's six technology centers worldwide. The experts in Bucharest provide Digital and IT […]
French-born virtual reality esports center EVA VR has recently opened its Bucharest location, promising a realistic and immersive combat esports experience suitable for corporate team-building events, birthday parties, and various other events. Inaugurated on June 7, the new location is part of an international network, Esports Virtual Arenas, which was established roughly 5 years ago. […]
Investment group ROCA acquired a 20% minority stake in the Adrem energy group, following approval from the Romanian Competition Council. Announced on Tuesday, August 12, the transaction will support Adrem’s strategic development and scaling plans. The investments will be primarily directed towards the expansion and diversification of EPC (Engineering, Procurement, and Construction) projects, the development […]
Romanian students spend an average of 13 hours a week on homework, almost twice as much as their peers in Nordic countries, according to data from the OECD’s PISA 2022 study, quoted by ParentED. Finland ranks at the bottom in Europe with just six hours per week, while countries such as Switzerland, Denmark, and the […]
Three foreign citizens suspected of stealing jewelry and other goods during the Untold Festival in Cluj-Napoca were caught by Romanian police officers at the airport. The three, two men and one woman, all between the ages of 30 and 46, were detained while attempting to fly to Barcelona. Police from the Cluj-Napoca Criminal Investigations Bureau […]
