Romania's FOB/CIF trade balance deficit stood at 9.320 billion EUR for the period 1 January - 30 April 2024, 440.1 million EUR higher (+5%) than that recorded in the corresponding period in 2023, according to data from the National Institute of Statistics (INS) published on Monday.In April 2024, FOB exports totalled 8.290 billion EUR and CIF imports totalled 10.962 billion EUR, resulting in a deficit of 2.672 billion EUR. Compared to April 2023, exports in April 2024 increased by 14.8% while imports increased by 17.8%.In the period from 1 January to 30 April 2024, FOB exports totalled 31.288 billion EUR, up 0.8% on the same period of the previous year, while CIF imports amounted to 40.609 billion EUR, up 1.7%.According to the INS, in the first four months of 2024, important shares in the structure of exports and imports are held by the product groups: machinery and transport equipment (47.2% for exports and 36.1% for imports) and other manufactured products (29.4% for exports and 28.4% for imports).Intra-EU27 trade exchanges in the first four months of the year was 22.736 billion EUR in exports and 29.903 billion EUR in imports, representing 72.7% of total exports and 73.6% of total imports.Extra-EU27 trade exchanges over the same period was 8.551 billion EUR in exports and 10.705 billion EUR in imports, representing 27.3% of total exports and 26.4% of total imports.
The Polish electronic recycling group Polish Elemental Holding entered the Romanian market by taking over an 80% stake in the small-sized local player, ACC Recycling Services. It also announced it is developing a EUR 20 million factory in Deva, according to Ziarul Financiar. The project is partly financed...
Two Romanian electricity utility companies, Electrica (BVB: El) and Renovatio Trading, will receive EUR 6.4 million in grants under a EUR 103 million scheme financed under the National Recovery and Resilience Plan (PNRR) to develop power storage capacities of 130MWh. The Romanian electricity distributor and supplier Electrica (BVB: EL) will receive EUR 3.4 million for […]
The new European Commission must come up with "a much more sustainable approach for the car industry" because otherwise, in the next two years, a large number of jobs will be lost, Romanian prime minister Marcel Ciolacu said on October 17. The Romanian prime minister emphasized that the engine of the European economy is this […]
The city of Timişoara, in western Romania, and the World Monuments Fund (WMF) signed on Thursday, October 17, the memorandum of understanding for the rehabilitation of the Fabric Synagogue. The synagogue is the only historical monument in the country that the New York-based WMF included in 2022 on the list of cultural sites whose preservation […]
The biggest contributor to burnout – and we do have a burnout epidemic across the world nowadays – is work stress. Many people believe it’s mainly their fault, that it’s in the way they do things, their personality, or something very personal indeed. They couldn’t be more wrong. Because the single most impactful factor in […]
Over 300 guitarists from across the country are gathering in Timișoara, western Romania, to simultaneously perform 17 songs alongside several well-known artists within the Timișoara Guitar Day – One City. One Day. One Guitar Love event. The moment is scheduled for Saturday, October 19, at 4:00 PM at Faber, Splaiul Peneș Curcanul 4-5, Timișoara, with […]
