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.
In the context in which agri-food systems are responsible for almost one third of global greenhouse gas emissions, Auchan Romania assumes an active role in the transition of its supply chain toward a more sustainable model. At the second edition of the Climate Supplier Event, organized under the aegis of the Climate Change Summit, the […]
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
Authorities managing Romania's Bicaz Gorges–Hășmaș National Park has built a fish ladder system on the Bicaz River, which will allow protected species to migrate and reproduce. There are several bridges and small bridge structures in the Bicaz River that have a “bottom sill,” meaning small waterfalls. Fish that do not jump like the trout cannot […]
The far-right opposition parties in the Romanian Parliament are set to file a motion of no confidence against the government headed by prime minister Ilie Bolojan. The motion, authored by senator Ninel Peia of the Peace – Romania First group, is specifically aimed at the reformist party Save Romania Union (USR), and is entitled “Romania […]
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands. Several […]
