The trade deficit (FOB/CIF) in the first seven months of this year stood at 15.604 billion euros, 3.201 billion euros lower, or 17.0%, than that recorded in the period January 1 - July 31, 2022, according to information the National Institute of Statistics (INS) released on Monday.Thus, in the period January 1 - July 31, 2023, exports increased 4.6% and imports decreased 1.1% compared to the same period last year.In the first seven months of the year, important shares in the structure of exports and imports are held by the product groups: machinery and transport equipment (44.8% for exports and 36.3% for imports) and other manufactured products (30.3% for exports and 29.2% for imports).In the first seven months of 2023, FOB exports totalled 55.085 billion euros and CIF imports 70.689 billion euros.In July 2023, FOB exports amounted to 7.656 billion euros and CIF imports to 9.938 billion euros, resulting in a deficit of 2.282 billion euros.Compared to July 2022, July 2023 exports decreased 3.0% and imports dropped 11.5%.The value of intra-EU27 trade in goods at seven months 2023 was 40.105 billion euros in dispatches and 52.007 billion euros in arrivals, representing 72.8% of total exports and 73.6% of total imports.The value of extra-EU27 trade in goods between January 1 and July 31, 2023, accounted for 14.981 billion euros in exports and 18.683 billion eurso in imports, representing 27.2% of total exports and 26.4% of total imports.
Romanian producers from Timiș and Tulcea claimed three gold medals at the 2025 edition of the Concours International de Lyon, one of Europe’s leading cheese and dairy competitions. Held in Lyon, the event brought together products from 15 countries and awarded a total of 680 medals, including 459 gold and 221 silver. From Romania, Asociația […]
Romania’s national team learned its potential group-stage opponents for the 2026 FIFA World Cup on Friday, December 5, during the official draw held at the John F. Kennedy Center for the Performing Arts in Washington, D.C. The winner of the UEFA play-off path that includes Romania will join Group D, alongside the United States, Paraguay, […]
Romanian president Nicuşor Dan is paying an official visit to France on Monday and Tuesday, with a schedule that includes meetings with French leader Emmanuel Macron, Paris mayor Anne Hidalgo, and members of the Romanian community,
The December 7 elections in Bucharest marked the lowest turnout in the last decade, but were also a major win for the National Liberal Party (PNL) since its candidate, Ciprian Ciucu, won a majority of votes in 5 of the 6 districts of the capital. In District 1, Ciprian Ciucu obtained 40.29% of the votes. […]
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
