In 2023, EU exports of medicinal and pharmaceutical products to countries outside the EU went down by -3.5% when compared with 2022. On the other hand, EU imports increased by 6.1% in 2023. In 2023, exports reached €277 billion, while imports stood at €119 billion. Consequently, the EU's trade surplus in medicinal and pharmaceutical products amounted to €158 billion, marking the second-highest figure ever recorded, following the peak in 2022 at €174 billion. In 2023, Germany was the EU’s largest extra-EU exporter (€62 billion), followed by Belgium (€44 billion) and Ireland (€37 billion), all three registering decreases when compared with 2022. The largest extra-EU importers of medicinal and pharmaceutical products were Belgium (€26 billion), followed by Germany (€20 billion) and the Netherlands (€16 billion). The main destination of extra-EU exports of medicinal and pharmaceutical products in 2023 was the United States, accounting for a third (33.2%; €92 billion) of these exports, followed by Switzerland (15.5%; €43 billion) and China (7.7%; €21 billion). Imports of these products to the EU came mainly from the United States, accounting for 39.5% of all EU imports of these products, then Switzerland (32.3%) and the United Kingdom (6.9%). Eurostat data show that, in 2023, Romania exported 327 million euros worth of drugs and pharmaceutical products outside the EU, while imports amounted to 659 million euros. In terms of weight, Romania's exports represented only 1.3% of the total exports of the EU block of medicines and pharmaceutical products, while imports stood at 17.9% of the EU's total imports, the highest level.
Moldova will not compete in the Eurovision 2025 song contest. The decision was made "following a detailed analysis of the current situation, as well as economic, administrative, and artistic challenges," the organizers stated. The announcement was made on Wednesday, January 22, by the director of the national television Moldova 1, Corneliu Durnescu, and the head […]
Low-cost airline Wizz Air said that it continues its expansion at the Sibiu base with the allocation of a second aircraft in the summer of 2025, bringing the total number of aircraft in Romania to 33. The company will thus increase capacity in the Transylvanian city by adding over 320,000 seats, a 58% increase compared […]
The renovation and rehabilitation work on Romania's famous Constanța Casino is in its final stages, and the historic building may already host its first major event in March. The Casino is set to officially open to the public in the spring. Set for 2022, the official opening was delayed due to unforeseen problems, doubling the […]
Creating a website can often feel like a challenging task, especially for those without programming or design experience. To meet the needs of a growing market, Andrei-Fredy Crăciun created Loopple AI, a platform that allows users to build fully functional websites in less than a minute with the help of artificial intelligence – no technical […]
Romania will set up and operate its first fish farms in the Black Sea this year, as announced by environment minister Mircea Fechet, with certain areas already assigned for future farms. Investments are long overdue, as discussions about fish farms in the Black Sea have been ongoing for decades in Romania, while similar investments have […]
Monica Tamaș has been appointed general manager of Unilever Romania and Moldova beginning January 2025. She will oversee the local strategy and investment initiatives "aimed at optimizing Unilever's performance within the Home Care, Beauty and Personal Care, and Nutrition sectors across Romania and Moldova." Tamaș joined Unilever Romania in 2013, following roles in leading FMCG […]
