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.
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]
The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]
