The trade deficit (FOB/CIF) in the first eight months of this year stood at 18.228 billion euros, down 17.2%, or 3.782 billion euros, compared to the same period in 2022, according to data the National Institute of Statistics (INS) released on Tuesday.In the period January 1 - August 31, 2023, FOB exports totalled 62.169 billion euros and CIF imports totalled 80.396 billion euros. According to the INS, exports increased 3.1% and imports decreased 2.3% compared to the period January 1 - August 31, 2022.In the first eight months of 2023, important shares in the structure of exports and imports are held by the following product groups: transport machinery and equipment (44.5% for exports and 36.1% for imports) and other manufactured products (30.3% for exports and 29.1% for imports).On the other hand, in food and live animals, with a share of 7.9% in total exports, Romania exported goods worth 4.918 billion euros, down 7% compared to the period January 1 - August 31, 2022, but imported 13.3% more, namely 7.137 billion euros (a share of 8.9% in total imports).A 13.6% increase was recorded in the first eight months of the year in the import of beverages and tobacco (790.3 million euros), but exports were higher by 35.6%, standing at 1.454 billion euros.In August 2023, FOB exports amounted to 7.079 billion euros and CIF imports amounted to 9.712 billion euros, resulting in a deficit of 2.633 billion euros. Compared to the same month in 2022, exports in August 2023 decreased 7.1% and imports went down 10.5%.The value of intra-EU27 trade in goods in the eight months of 2023 was 45.058 billion euro in shipping and 58.892 billion euro in arrivals, accounting for 72.5% of total exports and 73.3% of total imports.The value of extra-EU27 trade in goods between January 1 and August 31, 2023, was 17.111 billion euros in exports and 21.505 billion euros in imports, representing 27.5% of total exports and 26.7% of total imports.
This loan agreement is DRI’s first internationally led syndicated financing, first certified green loan, and first multi-currency loan. The Vacaresti solar park, located in Dambovita County, Romania, has an installed capacity of 126MWp, enough to power about 50,000 households and avoid 48,600 tonnes of carbon emissions per year. DRI, the EU renewables arm of DTEK, together […]
Mircea Spiridon, a 50-year-old Romanian man, died in the Spanish region of Tres Cantos while saving an 83-year-old man, the owner of the riding stables razed to the ground in the same fire. The Romanian arrived in Spain 20 years ago. Married and with two children, ages 14 and 18, he was a mechanic by […]
The Bucharest International Air Show (BIAS) is set to launch the first exclusive NFT collection together with the National Institute for Research and Development in Informatics, ICI Bucharest. NFTs (Non-Fungible Tokens) gained popularity in the last few years as a way of owning unique digital objects. The NFT collection, titled “Cloud Chasers,” will be presented and […]
Sema Real Estate, one of the leading players in Romania’s real estate sector, announces a partnership with the Romanian fintech company Finqware to implement FinqTreasury, a key platform for the optimization and digitalization of financial operations in the real estate industry. Efficient management of collections and payments, rapid visibility into financial flows, and the elimination […]
At the British School of Bucharest (BSB), community engagement isn't an afterthought — it’s the heartbeat of school life. Guided by the spirit of #WeAreBSB, the school embraces four core mottos that shape everything from classroom discussions to student-led initiatives: #CONCERN for others, by being kind to the community #CONCERN for our planet, by being […]
Two individuals who received sums of money claiming to facilitate the acquisition of Romanian citizenship were convicted in absentia on Monday, August 11, in Chișinău for influence peddling and are wanted by Moldovan authorities. The two told citizens of the Russian Federation that they had influence over officials at the Romanian Consulate in Odesa and […]
