- In the period 1.I-31.VIII 2021, the FOB exports amounted to 48184.7 million euro and the CIF imports amounted to 62787.0 million euro. - In the period 1.I-31.VIII 2021, the exports increased by 24.4% and the imports increased by 24.9%, compared to the period 1.I-31.VIII 2020. - In the period 1.I-31.VIII 2021, the FOB-CIF commercial deficit was of 14602.3 million euro, 3087.7 million euro more than in the period 1.I-31.VIII 2020. - In August 2021, the FOB exports amounted to 5672.0 million euro and the CIF imports amounted to 7401.3 million euro, a commercial deficit of 1729.3 million euro being registered. - Compared to August 2020, the exports increased by 23.3% and the imports increased by 21.1% in August 2021. Romania's trade balance deficit (FOB / CIF) amounted to 14.602 billion euros in the first eight months of the year, up 3.087 billion euros from the same period last year, show the data of the National Institute of Statistics (INS), published on Monday.According to official statistics, between January 1 and August 31, 2021, FOB exports amounted to 48.184 billion euros, while the amount of CIF imports was 62.777 billion euros.In this context, Romania's exports increased by 24.4%, and imports by 24.9%, compared to the reference period analyzed by INS.Important shares in the structure of exports and imports are held by the product groups: transport machinery and equipment (46.7% for export and 36% for import) and other manufactured products (30.5% for export and 30.1% for import).The value of intra-EU trade in goods, between January and August 2021, was 35.134 billion euros for shipments and 45.694 billion euros for introductions, the equivalent of 72.9% of total exports and 72.8% of exports. total imports.Also, the value of extra-EU27 trade in goods was, in the mentioned interval, of 13.050 billion euros for exports, respectively 17.092 billion euros for imports, representing 27.1% of total exports and 27.2% of total imports.At the level of August this year, FOB exports amounted to 5.672 billion euros, and CIF imports 7.401 billion euros, resulting in a deficit of 1.729 billion euros. At the same time, compared to August 2020, exports in August 2021 increased by 23.3%, while imports increased by 21.1%.
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...
Romania's Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision marks the first stage of a wider overhaul programme announced by prime minister Ilie […]
The retail sales volume index in Romania recovered for the second consecutive month in October, when it increased by 0.9% m/m after the 1.3% m/m advance in September – but it was far from fully recovering the 4.0% m/m plunge seen in August as an effect of higher VAT rate enforcement amid already negative consumer […]
Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 - the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% average advance in the European Union. The seasonally-adjusted index […]
