Romania's FOB/CIF trade balance deficit was 28.947 billion euros, in 2023, 5.142 billion euros lower (-15.1%) than in 2022, according to data from the National Institute of Statistics published on Friday.In 2023, FOB exports totalled 93.098 billion euros, up 1.3%, while CIF imports totalled 122.045 billion euros, down 3.2% compared to 2022.The product groups with a significant share of the country's trade in the reporting period were: machinery and transport equipment (44.8% for exports and 36.8% for imports) and other manufactured products (29.8% for exports and 28.7% for imports).Intra-EU27 trade exchanges amounted to 67.574 billion euros on the outbound and 89.500 billion euros on the inbound, accounting for 72.6% of total exports and 73.3% of total imports.Extra-EU27 trade exchanges in 2023 amounted to 25.523 billion euros in exports and 32.544 billion euros in imports, representing 27.4% of total exports and 26.7% of total imports.
Druid AI today announced it has secured USD 31 million in Series C financing to advance the global expansion of its enterprise-ready agentic AI platform under the leadership of its new CEO, Joseph Kim. The investment was led by Cipio Partners, with participation from TQ Ventures, Karma Ventures, Smedvig, and Hoxton Ventures. Kim has more […]
Drivers in Bucharest lose, on average, 12 working days annually due to congestion, according to Traffic Index 2025, an analysis carried out by the Institute for Visionary Cities. The index compares how much circulation slows down on working days compared to a free-flow regime, for the 41 county seat municipalities and Bucharest. According to the analysis, […]
Romania’s Senate and Chamber of Deputies held a moment of silence on Monday, September 15, for American conservative activist Charlie Kirk, who was shot dead at a university event on September 10. The marking of Kirk’s death came at the initiative of the far-right party Alliance for the Union of Romanians, or AUR. Both Kirk […]
A mountain shelter is scheduled to open this fall in the Făgăraș Mountains' Curmătura Bratilei area following a EUR 60,000 investment. The shelter, located at an altitude of 2,100 meters, is built by the private ophthalmopediatric hospital Infosan in partnership with the non-profit Carpați Mountain Association and the Brașov Emergency Situations Inspectorate (ISU Brașov). The […]
The official trailer for The Yellow Tie/Cravata Galbenă, a major international production about the life of renowned Romanian conductor Sergiu Celibidache, has been released, with the film set to hit cinemas nationwide on November 14. The cast includes John Malkovich and Miranda Richardson, both double Academy Award nominees, along with Ben Schnetzer, Kate Phillips, Sean […]
The presidential elections held in November 2024 in Romania were influenced by a large-scale hybrid war orchestrated by Russia before they were cancelled, according to general prosecutor Alex Florența. Romania’s presidential election was annulled last December after declassified reports alleged Russian involvement in cyber activities aimed at undermining the integrity...
