Romania’s trade in goods posted a deficit of EUR 34.7 billion (9.5% of GDP), up 10% y/y in 12 months to July 2025, as the imports’ 4.3% y/y growth rate was nearly double that of exports (2.3% y/y), according to data published by the statistics office INS.
The chemical industry holds a major share of over one third of the deficit (EUR 13.3 billion, +5.5% y/y) while the net imports of food and live animals (EUR 4.9 billion) posted the sharpest advance (+28% y/y).
Among the...
Representatives from across the Romanian diaspora and officials from Romania and the United States will take part in this year’s Romanian Community Summit 2025 (RoSummit 2025), set to take place in Chicago on September 20. The event is organized through a partnership of the Romanian-American community in Chicago and other diaspora organizations. It will focus […]
Via Transilvanica, the long-distance trail stretching between Putna, in northern Romania, to Drobeta Turnu Severin, in the southern part of the country, could receive funding of EUR 6 – 7 million from the European Economic Area (EEA) and Norway Grants 2021-2028, Investments and European Funds minister Dragoș Pîslaru told
Romania has chosen Teodora Ana Mihai’s Jaful Secolului/Traffic as its official entry for the Best International Feature Film category at the 2026 Academy Awards. Starring Anamaria Vartolomei, Rareș Andrici, and Ionuț Niculae, the movie will be released in Romanian cinemas on September 23. The film, written by Palme d’Or winner Cristian Mungiu and directed by Mihai, […]
President Nicușor Dan and defense minister Ionuț Moșteanu said on Wednesday, September 10, that Romania stands in full solidarity with Poland after Russian drones crossed into its airspace overnight, calling the incident an unacceptable violation of a NATO ally's sovereignty and a dangerous escalation. The Polish military shot down the drones,
Bucharest is emerging as one of Europe’s most attractive locations for Global Capability Centres (GCCs) as multinational companies seek lower costs and skilled talent amid tight labor markets in Western economies, according to a new study by Savills and CoreNet Global. The Romanian capital ranked 14th among 27 global GCC destinations for office costs, averaging […]
Romania is becoming a digital leader in Central and Eastern Europe, as its internet penetration rate stood at 76.8 percent in 2023, and its cybersecurity market has reached 194.22 million dollars as of this year. Nevertheless, behind these successes, there are difficulties, including increasing risks of cyber threats. Our team has delved into the possibility […]
