Romania's FOB/CIF trade balance deficit in 2024 rose to EUR 33.393 billion, up EUR 4.4 billion euros (+15.3%) from 2023, according to data published on Monday by the National Institute of Statistics (INS).In December 2024, FOB exports amounted to EUR 6.581 billion, and CIF imports to EUR 9.916 billion, which gave a EUR 3.336 billion deficit.As against December 2023, Romania's exports in December 2024 increased by 7.1% while imports increased by 3.5%.In 2024, FOB exports fell by 0.4% to EUR 92.691 billion, while CIF imports increased by 3.3% to EUR 126.084 billion. Important shares in the composition of exports and imports are held by machinery and transport equipment (47% of exports and 36.4% of imports) and other manufactured products (28.5% of exports and 28.6% of imports).The value of intra-EU27 trade in goods in 2024 was EUR 66.721 billion in exports and EUR 90.883 billion in imports, making up 72% of total exports and 72.1% of total imports.The value of extra-EU27 trade in goods in 2024 was EUR 25.97 billion in exports and 35.201 billion euros in imports, making up 28% of total exports and 27.9% of total imports.The FOB (Free on Board) price is the price at the border of the exporting country, which includes the value of the goods, all transport costs to the point of embarkation, as well as all the taxes that the goods must bear in order to be loaded on board.At the same time, the CIF price (Cost, Insurance, Freight) is the price at the border of the importing country, which includes both the components of the FOB price and the cost of insurance and international shipment.
Representatives of the “Agrippa Ionescu” hospital in Bucharest confirmed on Monday, June 16, that former president Ion Iliescu has lung cancer. Earlier this month, former president Traian Băsescu also underwent a planned heart surgery at a hospital in Paris. Iliescu, who is 95 and was president of Romania from 1989 until 1996 and from 2000 […]
The phenomenon of violence against women perpetrated by their partners is more prevalent in Romania compared to other EU states, according to Eurostat data processed by Monitorul Social, a project of Friedrich-Ebert-Stiftung Romania, or FES. Almost half of the women in Romania (45.5%) have suffered psychological violence from their intimate partner, compared to the EU […]
The European Bank for Reconstruction and Development, or EBRD, is set to invest EUR 40 million in the company behind the region’s Burger King franchise, the Polish holding company Rex Concepts. The money will go toward supporting the chain's expansion by opening new quick-service restaurants in Poland, Romania, and the Czech Republic. Rex Concepts, backed […]
Via Transilvanica, the long-distance trail that crosses the country, has unveiled a kilometer milestone on Șimian Island, an island on the Danube located downstream of Drobeta-Turnu Severin. It is a symbolic extension for the trail, which stretches from Putna, in northern Romania, to Drobeta Turnu Severin, marking seven years since the Via Transilvanica project began […]
In 1905, the first Siemens company was established in our country. Siemens S.R.L. has consistently invested in education and human capital development, providing scholarships worth nearly €1,900,000 to undergraduate, Master's, and PhD students, for over 10 years. The company maintains long-term collaborations with prestigious technical universities in Bucharest, Brașov, Cluj-Napoca, and Iași. In 2025, Siemens […]
The organizers of Bucharest's Neversea Kapital festival, scheduled for July 4–6, announced the names of two more guests that will complete the lineup, namely house sensation John Summit and techno star Paul Kalkbrenner. John Summit is a big name in the house and electronic dance genres. Recognized by Rolling Stone as “The Hottest Name in […]
