The trade deficit (FOB/CIF) in the first eight months of this year stood at 18.228 billion euros, down 17.2%, or 3.782 billion euros, compared to the same period in 2022, according to data the National Institute of Statistics (INS) released on Tuesday.In the period January 1 - August 31, 2023, FOB exports totalled 62.169 billion euros and CIF imports totalled 80.396 billion euros. According to the INS, exports increased 3.1% and imports decreased 2.3% compared to the period January 1 - August 31, 2022.In the first eight months of 2023, important shares in the structure of exports and imports are held by the following product groups: transport machinery and equipment (44.5% for exports and 36.1% for imports) and other manufactured products (30.3% for exports and 29.1% for imports).On the other hand, in food and live animals, with a share of 7.9% in total exports, Romania exported goods worth 4.918 billion euros, down 7% compared to the period January 1 - August 31, 2022, but imported 13.3% more, namely 7.137 billion euros (a share of 8.9% in total imports).A 13.6% increase was recorded in the first eight months of the year in the import of beverages and tobacco (790.3 million euros), but exports were higher by 35.6%, standing at 1.454 billion euros.In August 2023, FOB exports amounted to 7.079 billion euros and CIF imports amounted to 9.712 billion euros, resulting in a deficit of 2.633 billion euros. Compared to the same month in 2022, exports in August 2023 decreased 7.1% and imports went down 10.5%.The value of intra-EU27 trade in goods in the eight months of 2023 was 45.058 billion euro in shipping and 58.892 billion euro in arrivals, accounting for 72.5% of total exports and 73.3% of total imports.The value of extra-EU27 trade in goods between January 1 and August 31, 2023, was 17.111 billion euros in exports and 21.505 billion euros in imports, representing 27.5% of total exports and 26.7% of total imports.
Dr. Mireille Rădoi, General Director of the “Carol I” Central University Library in Bucharest, took part in the 16th edition of the Alba Transilvana Book Fair, held on June 20–22 in Alba Iulia. Organized by the “Lucian Blaga” Alba County Library, the event gathered hundreds of writers, publishers, educators, researchers, and passionate advocates of written […]
Romania ranks 49th in the 2025 edition of the World Competitiveness Yearbook, a report compiled by the International Institute for Management Development (IMD) and published in Romania by CIT-IRECSON, the Technological Information Center. The global top three are Switzerland, Singapore, and Hong Kong, according to a press release quoted by news agency
Ionuț Mircea Costea, brother-in-law to former presidential candidate and NATO second in command Mircea Geoană, was handed over to Romanian authorities on Tuesday, June 24, after being extradited by Turkey. Costea was the director of Romania's Eximbank and is the brother of Mircea Geoană’s wife. He has a six-year prison sentence for bribery. He "is […]
The UAE sounds like a synonym for global trade ambitions, cutting-edge infrastructure, and an expanding calendar of international industry events. At the same time, it offers a distinctive blend of efficiency and lifestyle. For those looking to combine client hosting with unique local experiences, options such as elite rentals yachts Dubai bring business networking to […]
The Romanian Black Sea town of Eforie Sud will host over 200 cultural events this summer as part of the fifth edition of Eforie Colorat, a contemporary arts festival aimed at reshaping the town’s identity through creativity. Taking place from July 1 to August 24 in the open-air garden of Cinemascop, the event will feature […]
Romania's national under-19 football team was defeated by the Netherlands with a score of 3-1 (2-0) on Monday, June 23, in the semifinals of the Under-19 European Football Championship. The tournament, hosted by Romania, was the first in which the national under-19 team reached the semifinals. Netherlands dominated the match with Romania held on Giulești […]
