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.
The 2025 edition of the year’s first major film fest in Europe (and one of the biggest worldwide), the Berlin International Film Festival, took place between 13 and 23 February. My notes come with a bit of delay, as I was also hit by the festival flu that got so many of us sniffling and […]
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
