Only four EU member states had in 2021 a trade balance surplus with Russia, while Romania has a higher commercial deficit than that of Germany with Russia, show the data published on Monday by Eurostat, quoted by news.ro.According to these data, in 2021 Romania imported from Russia goods worth 3.160 billion euro and exported goods worth 1.001 billion euro, with a deficit of the trade balance of 2.159 billion euro. By comparison, Germany which in 2021 was the biggest European importer and exporter of goods to and from Russia, had a deficit of the trade balance of 2.083 billion euro with Russia. This happened as the first European economy imported from Russia goods worth 28.856 billion euro and exported goods worth 26.777 billion euro.The trade deficit of Romania with Russia is smaller than compared to that of the neighbouring states, being surpassed by that of Hungary (2.420 billion euro), Bulgaria (2.547 billion euro), Slovakia (2.868 billion euro), Greece (4.091 billion euro) or Poland (8.721 billion euro).The two EU member states with a surplus of the trade balance with Russia are : the Czech Republic (616 million euro), Slovenia (436 million euro), Sweden (244 million euro) and Luxembourg (139 million euro).At the other end, the member states with the highest trade balance deficit with Russia are : the Netherlands (18.717 billion euro), Poland (8.721 billion euro) and Italy (6.288 billion euro). The Eurostat data show that, at the level of the EU, energy represented 62% of the imports of the community block from Russia. In 2021, Russia was the fifth partner of the EU for goods exports (4.1% of the EU exports or 89 billion euro) and third big partner for goods imports (7.5% of the EU imports or 158 billion euro). Over the last decade, however, the deficit of the trade balance of the EU with Russia dropped from 89 billion euro in 2011 to 69 billion euro in 2021. Both exports and imports of the community block to and from Russia dropped between 2011 and 2021.
The UNESCO Global Geopark Ținutul Buzăului in Romania has inaugurated a new interactive visitor center in the village of Bozioru, offering a modern and immersive experience into the region’s unique geological and cultural past. Named Povestea Trovanților/The Trovants’ Story, the center tells the secrets of the mysterious stone formations known as trovants and the prehistoric […]
Pluxee, a global player in employee benefits and engagement, announced the signing of an agreement to acquire MyBenefits, a fast-growing Romanian company that has developed innovative technology to provide a flexible offering of employee benefits. The transaction builds on a partnership between the two companies. The deal is subject to approval by the Romanian regulatory […]
OMV Petrom, the largest integrated energy company in Southeastern Europe, announced Thursday, July 3, the discovery of a new natural gas reservoir in Spineni, a locality situated about 70 kilometers northeast of Craiova, southwestern Romania. The find was confirmed following the drilling of the 1 Spineni exploration well to a depth of approximately...
Romanian president Nicușor Dan, along with prime minister Ilie Bolojan and other officials, participated at a reception on Wednesday, July 2, to mark the US Independence Day. During the reception, they underlined the importance of the relationship between Romania and the US. The Romanian president noted that the United States is Romania's most important ally […]
Romanians spent roughly EUR 40 billion in large retail chains last year, representing an increase of 7.1% year-over-year. The 2024 growth rate marked a slowdown compared to 2023 (+11.1% vs. 2022) but remained above inflation, according to the Romania Retail Snapshot 2025 produced by real estate consultancy company Cushman & Wakefield Echinox. Major food stores […]
The Romanian government will implement tax hikes and spending reforms starting August 1 in an attempt to curb the growing budget deficit and avoid a looming financial crisis, prime minister Ilie Bolojan announced. The measures include increases in VAT and excise duties, a new health contribution on pensions, and a doubling of the tax on […]
