- In November 2021, the FOB exports amounted to 7087.7 million euro and the CIF imports amounted to 9246.7 million euro, a commercial deficit of 2159.0 million euro being registered. - Compared to November 2020, the exports increased by 17.5% and the imports increased by 21.5% in November 2021. - In the period 1.I-30.XI 2021, the FOB exports amounted to 68166.4 million euro and the CIF imports amounted to 89536.2 million euro. - In the period 1.I-30.XI 2021, the exports increased by 19.4% and the imports increased by 21.7%, compared to the period 1.I-30.XI 2020. - In the period 1.I-30.XI 2021, the FOB-CIF commercial deficit was of 21369.8 million euro, 4929.5 million euro more than in the period 1.I-30.XI 2020. Romania's trade balance deficit (FOB / CIF) amounted to 21.369 billion euros in the first 11 months of 2021, up by 4.929 billion euros compared to the same period in 2020, show data from the National Institute of Statistics (INS), published on Monday.According to the INS, in November 2021, FOB exports amounted to 7.087 billion euros, and CIF imports amounted to 9.246 billion euros, resulting in a deficit of 2.159 billion euros. Compared to November 2020, exports increased by 17.5% and imports by 21.5%.Between January 1 and November 30, 2021, FOB exports amounted to 68.166 billion euros (increase by 19.4% from the similar period of 2020) and CIF imports amounted to 85.536 billion euros (+21.7%).During the first 11 months of last year, important shares in the import and export structures are held by the following product groups: machinery and transport equipment (45.2% in export and 35.3% in import) and other manufactured products (30.6% for export and 30% for import).The value of intra-EU trade in goods between January 1 and November 30, 2021 was 49.638 billion euros in exports and 65.013 billion euros in imports, representing 72.8% of total exports and 72.6% of total imports.The value of non-EU27 trade in goods between 1 January and 30 November 2021 was 18.527 billion euros in exports and 24.522 billion euros in imports, accounting for 27.2% of total exports and 27.4% of total imports.
Chinese electronic giant Xiaomi has opened its first physical store in Romania as part of a broader strategy to strengthen its presence on the local market, with additional retail expansion planned for 2026. The new Xiaomi Store, located in Bucharest’s ParkLake Shopping Center, is the company’s first directly operated retail space in the country and […]
Romania will introduce new penalties for retailers that refuse to replace defective products, under a new law recently promulgated by president Nicușor Dan. The measure requires traders to provide a replacement within 30 days when customers report that a purchased item is faulty, whether the purchase was made in-store or online. The retailers that fail […]
Romanian Finqware (17th), Questo (18th), Footprints AI (21st), and Steepsoft AI (28th) are among the fastest-growing technology startups in the region, included in the main category of the Deloitte Technology Fast 50 Central Europe 2025 ranking. The ranking measures the growth rate between 2021 and 2024. This year's ranking, now in its 26th edition, is […]
Verbund Wind Power Romania, the Romanian subsidiary of Austrian energy company Verbund, has selected a consortium comprising Prime Batteries Technology and Enevo Group for the supply and integration of a new Battery Energy Storage System - BESS with a capacity of 76 MWh and an absorption/delivery capacity of 48MW. Verbund operates a 226 MW wind […]
The union at the Automobile Dacia automobile factory in Mioveni expressed concern about the administration's proposal to reduce production, starting in January 2026. The production is reportedly planned to be reduced to 55 units per hour, from 65 units currently, according to the company's employees speaking for Europa FM, as reported by
Romanian prime minister Ilie Bolojan announced on November 21 that a decision will be taken in December regarding the minimum turnover tax (IMCA) applied to companies with a turnover of EUR 50 million or more, whose 16% profit tax falls below 1% of turnover, Economica.net...
