Romania's trade balance deficit (FOB/CIF) increased by 35.1 per cent in the first two months of 2025 compared to the same period last year and reached approximately 5.62 billion euros, according to data released on Wednesday by the National Institute of Statistics (INS).Over January-February 2025, FOB exports amounted to 15.15 billion euros, up by 0.7%, and CIF imports amounted to 20.76 billion euros, up by 8.2%.Important shares in the structure of exports and imports are held by the product groups: machinery and transport equipment (45.5% in exports and 34.4% in imports) and other manufactured products (28.2% in exports and 28% in imports).The value of intra-EU27 trade in goods was 10.65 billion euros for dispatches and 14.78 billion euros for imports, representing 70.3% of total exports and 71.2% of total imports.The value of extra-EU27 trade in goods, between January 1 and February 28, 2025, was 4.50 billion euros for exports and 5.98 billion euros for imports, representing 29.7% of total exports and 28.8% 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 good, all transport costs to the point of embarkation, as well as all taxes that the good must bear in order to be loaded on board.The CIF price (Cost, Insurance, Freight) represents 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 transport, the INS specifies.
Foreign minister Oana Țoiu leads the Romanian delegation to the 80th session of the United Nations General Assembly (UNGA) in New York this month, where she is scheduled to deliver Romania’s national address before world leaders. Țoiu’s visit to the United States runs from September 18 to 29 and will include meetings in Washington, Chicago, […]
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
