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.
Participation in cultural education activities continues to be limited, with the main barriers being difficult access, insufficient knowledge, and cost, the recently released Cultural Consumption Barometer 2024 shows. The report showed that many Romanians still associate culture with entertainment rather than with personal development or furthering their knowledge. The need for relaxation dominates in cultural […]
Roughly 84% of Romanians say that the pace of the state’s digitalization is slow or very slow, according to an Edge Institute & AtlasIntel study presented at the Digital Governance Summit 2025, which took place on Tuesday, November 25, at the presidential palace in Bucharest. The survey aims to capture the way citizens relate to […]
Romania’s Superior Council of Magistracy (CSM) issued a negative opinion on the new bill regarding magistrates’ pensions. The move is only the latest development concerning a heated issue that led to tensions between the executive and the judiciary branch. CSM’s opinion is consultative, and the government led by Ilie Bolojan can still take responsibility for […]
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
