In the period 1.I?31.X 2015, exports and imports increased by 4.3% and by 7.1%, respectively, compared to the period 1.I?31.X 2014 In the period 1.I?31.X 2015 FOB exports amounted to 45905.2 million euro and CIF imports amounted to 52313.5 million euro. In the period 1.I?31.X 2015, the FOB?CIF commercial deficit was of 6408.3 million euro, 1538.0 million euro more than in the period 1.I?31.X 2014. In October 2015, FOB exports were of 4990.9 million euro and CIF imports were of 5870.0 million euro, a commercial deficit of 879.1 million euro being registered. The trade deficit (FOB/CIF) went up during the first ten months of the year by 1.5 billion euros year-on-year and stands at 6.4 billion euros, data published on Thursday by the National Institute of Statistics (INS) reveals. "Year-on-year, between January 1- October 31, exports and imports went up by 4.3pct, respectively 7.1pct," the INS statement informs. During the first ten months of 2015, FOB exports totalled 45.9 billion euros and CIF imports totalled 52.3 billion euros. Machinery and transport equipment (44.2pct on exports and 36.9pct on imports) as well as other manufacturing products (32.9pct on exports and 31.3pct on imports) make up an important share in the structure of imports and exports in the first ten months of the year. "Between January 1 and October 31, 2015 the value of intra-community assets trade (Intra-UE28) was 33.9 billion euros on shipments and 40.26 billion euros on arrivals, representing 73.8pct of total exports and 77pct of total imports," INS informs. The value of extra-community assets trade (Extra-UE28) was approximately 12 billion euros both on exports and on imports, representing 26.2pct of total exports and 23pct of total imports. In October, compared to September, exports went up by 1.5pct and stood at 5 billion euros and imports increased by 3.8pct to 5.9 billion euros, resulting in a 879.1 million euros deficit, the INS statement reads.
“Garden of Memories,” a civic initiative meant to commemorate the 1989 Revolution that led to the fall of communism in Romania, is set to take place between December 19-20 around the Memorial of Rebirth, in Bucharest’s Revolution Square. Organized by the Streets for People Association, together with the Bucharest City Hall and the Museum of […]
Runware, a startup founded by two Romanian entrepreneurs, announced last week that it has secured a USD 50 million Series A funding round led by Dawn Capital, one of the largest European investors in B2B software companies. The round also included Comcast Ventures, Speedinvest, Insight Partners, and a16z Speedrun. The company founded by Flaviu Rădulescu and […]
The body of Romanian former justice minister Rodica Stănoiu was exhumed on Monday, December 15, after prosecutors opened an in rem case regarding her suspicious death, Digi24 reported. Investigators are looking into the possibility that the former minister may have been killed through negligence. ...
Authorities in Romania have begun imposing fines for owners of bicycles and electric scooters who do not take out mandatory motor third-party liability insurance (RCA). The new rules have been applicable since November 13, but the Romanian Parliament granted a 30-day grace period until the application of sanctions, according to...
Art Safari will relocate to Amzei Square in central Bucharest in 2026, where it will operate under a new format titled Art Safari New Museum, following more than a decade of pop-up exhibitions hosted in historic buildings across the capital. After 12 years, 17 editions, and more than 1 million visitors, the exhibition platform will […]
In Romania, Christmas is more than holiday markets, decorated trees, and wrapped gifts. It's a season filled with old customs, lively rituals, and dishes that bring families together. One of the most popular Christmas traditions is caroling. Although traditions vary depending on the area, the ritual of going from house to house and singing carols […]
