Over the last decade, the EU trade surplus in chemicals with non-EU countries increased from €88 billion in 2010 to €178 billion in 2020. This is equivalent to an average annual growth of 7%. Last year, chemicals worth almost €233 billion were imported to the EU, representing a €79 billion increase since 2010. Except for 2013 and 2020, chemical imports increased every year over the 10-year period. The average annual growth over the whole period was 4%. EU chemical exports were significantly higher than imports, steadily increasing from €242 billion in 2010 to €411 billion in 2020. The average annual growth of exports over this period was 5%. Among the EU countries, Germany was the largest extra-EU exporter of chemicals in 2020 (€105 billion). Germany was followed by Ireland (€55 billion exports), Belgium (€51 billion exports) and France (€45 billion exports). At the opposite pole is Romania, the country with the largest deficit, over 1.3 billion euros, according to data published Monday by Eurostat. In 2020, the EU exported €51 billion and €50 billion worth of chemicals to Switzerland and the United States, respectively, making them the leading extra-EU export destinations of EU chemicals. Next on the list of top export destinations were the United Kingdom with €33 billion worth of chemicals and China with €21 billion. The EU had a trade surplus with eight of the ten largest trade partners, with the United States (€61 billion), Russia (€13 billion) and the United Kingdom (€11 billion) on the lead.
President Nicușor Dan stated on Monday, November 10, that Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. “Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. Why? First of all, because it has a […]
Officials in the mountain resort town of Râșnov, central Romania, have issued an urban planning certificate for the transformation of a Boeing 737 airplane into a premium accommodation unit. The plane will be placed near the famous Bran Castle, and organizers expect it to become a tourist attraction. “The project is located in the Pănicel […]
Traffic (Jaful Secolului), a Romania-Belgium-Netherlands co-production directed by Belgian-Romanian director Teodora Ana Mihai from a screenplay by Romanian filmmaker Cristian Mungiu, has received the award for best film at the Tertio Millennio International Film Festival in Rome. The jury of the festival noted in its motivation the film's "ability to combine formal rigor and human […]
The Romanian Justice Ministry advanced a legislative initiative according to which femicide could be punished with life imprisonment. The proposal comes after numerous women were killed this year by former partners, despite protection orders. The debate about femicide in Romania was brought back to the fore after another tragedy took place on Saturday, November 9, […]
Cultural center Apollo111, located in downtown Bucharest’s Universul Palace, has announced the program of arthouse films Apollo111 Cinema. The performance venue of Apollo 111 has been refurbished and endowed for professional film screenings. It will run a weekly program of contemporary and classic auteur films, meetings with filmmakers, and an experimental area, meant to “explore […]
Chinese consumer electronics manufacturer Xiaomi announced the official opening of its first own store in Romania, in Bucharest, inside the ParkLake shopping center, on the ground floor, on November 22. The new store will have a surface area of 150 square meters and will bring to the public the latest smartphones, accessories, and smart devices […]
