Romania's trade balance deficit (FOB/CIF) increased by 35.1 per cent in the first two months of 2025 compared to the same period last year and reached approximately 5.62 billion euros, according to data released on Wednesday by the National Institute of Statistics (INS).Over January-February 2025, FOB exports amounted to 15.15 billion euros, up by 0.7%, and CIF imports amounted to 20.76 billion euros, up by 8.2%.Important shares in the structure of exports and imports are held by the product groups: machinery and transport equipment (45.5% in exports and 34.4% in imports) and other manufactured products (28.2% in exports and 28% in imports).The value of intra-EU27 trade in goods was 10.65 billion euros for dispatches and 14.78 billion euros for imports, representing 70.3% of total exports and 71.2% of total imports.The value of extra-EU27 trade in goods, between January 1 and February 28, 2025, was 4.50 billion euros for exports and 5.98 billion euros for imports, representing 29.7% of total exports and 28.8% of total imports.The FOB (Free on Board) price is the price at the border of the exporting country, which includes the value of the good, all transport costs to the point of embarkation, as well as all taxes that the good must bear in order to be loaded on board.The CIF price (Cost, Insurance, Freight) represents the price at the border of the importing country, which includes both the components of the FOB price and the cost of insurance and international transport, the INS specifies.
The Romanian stock market benchmark – the BET Index – officially crossed the 20,000-point threshold on Tuesday, July 25, 2025, marking a major milestone in its recent surge. The BET has gained about 7.5% in the last month, setting several new record highs on its path to 20,000 points. However, the Bucharest Stock Exchange’s recent […]
If you operate as a crypto broker, you might have come across a crypto broker program — a specialized service designed to enhance broker operations, expand service offerings, and optimize how they serve their end clients. These platforms have grown in popularity, offering streamlined access to the digital asset space with tools designed to suit both […]
For its 2025-2026 season, the George Enescu Philharmonic will bring to Bucharest more than 70 Romanian and foreign conductors and soloists of top level, 75% of whom are present for the first time in its artistic programming, the institution said. Among the names that will take the stage of the Romanian Athenaeum in Bucharest starting this […]
The Neuman House, a protocol residence for former communist dictator Nicolae Ceaușescu situated in the city of Arad, in western Romania, is up for sale for EUR 2.4 million, according to an online listing by an international agency specializing in luxury property brokerage cited by Agerpres. The building belonged to the noble Neuman...
During a press conference held on Tuesday, July 29, Romanian prime minister Ilie Bolojan presented the main measures from the magistrates' pension reform project, which will be included in the third fiscal package. The project includes raising the retirement age and capping pensions. The reform is urgent and necessary, said the official, who also warned […]
UNICEF has launched the Romanian-language version of the podcast On My Mind (În Mintea mea), created to support young people's mental health, with the support of global streaming platform Spotify. The Romanian-language version of the podcast complements the work carried out by UNICEF in Romania, which is currently implementing an initiative aimed at promoting the […]
