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.
Exim Banca Romaneasca and Maschio Gaspardo Romania are carrying out a strategic partnership through which the Bank, in its capacity as Romania’s Export Credit Agency, supports the company’s exports, providing protection against various commercial and political risks associated with external markets. Maschio Gaspardo Romania, the largest local producer of agricultural machinery, with a production unit […]
Baritone Mihai Damian, a soloist of the Romanian National Opera in Cluj-Napoca, has won the Male Voice category’s first prize at this year’s edition of Operalia, the competition for young opera artists established by Plácido Domingo. He also won the competition’s Audience Award and the special award offered by the Ministry of Culture of Bulgaria, […]
Romanian apocalyptic sci-fi horror feature “We Put the World to Sleep” had its world premiere on October 18 at the Nightmares Film Festival, one of the most important horror and fantastic film festivals in the US. The film, a product of 9 years of work, won Best Midnight Feature and Best Supporting Performance. Next, it […]
Romanian president Nicușor Dan visited a team of researchers and students from ‘Grigore T. Popa’ University of Medicine and Pharmacy of Iași, the creators of the smallest artificial heart with applications for both adults and children, on Saturday, October 25. In 2023, UMF “Grigore Popa” announced that the Mavis Artificial Heart team from the higher […]
Brașov, the popular mountain city in central Romania, will no longer host a fireworks display on New Year’s Eve, the City Hall announced. The decision, the authorities say, aims to protect pets and wildlife from the stress and harm caused by loud explosions, as well as the environment from chemical pollution. Instead of fireworks, the […]
Romania’s Social Democratic Party (PSD), part of the governing centrist coalition, is backing District 4 mayor Daniel Băluță for the general mayor of Bucharest. Elections will take place on December 7. Interim party leader Sorin Grindeanu first talked about the appointment following discussions with the PSD in Bucharest. “We had a meeting with colleagues from […]
