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.
Five IAR-99 SM aircraft, modernized at the Craiova Aircraft Factory, or Avioane Craiova, will be part of Romania’s air force coordinated by the Ministry of Defense. According to Dolj County Council president Cosmin Vasile, two of these aircraft performed a demonstration flight on Wednesday, March 12, in the presence of defense minister Angel Tîlvăr. "Five […]
At the International Property Awards in London, the world's most prestigious Awards program for all aspects of the Real Estate industry, STIRIXIS Group, the Greek design and consulting firm that designs and delivers buildings and spaces that act as catalysts for Real Prosperity worldwide, was honored with: 'The Best Public Service Design in the World […]
Edge Institute, a think tank made up of an independent group of experts united by the common vision of increasing Romania's digital development and evolution, was launched on Wednesday, March 12. The Institute aims to become a facilitator of digital transformation, bringing together expertise from the private, academic, and administrative sectors to provide viable solutions […]
The 24th edition of the Transilvania International Film Festival (TIFF), set to take place from June 13 to 22 in Cluj-Napoca, will feature a unique event that combines cinema with live music: Amadeus LIVE. The special event will present the 1984 film Amadeus, directed by Miloš Forman, which explores the life and genius of Wolfgang […]
As Europe moves toward a new era of industrial policy, Beko, the continent’s largest home appliance manufacturer, is making the case for a stronger, more unified approach. Attending the key event on the Deal, Beko emphasizes the urgent need to ensure that industries investing in decarbonization, energy efficiency, and innovation remain globally competitive. Having built […]
A recent survey conducted by Unlock Market Research for Colliers has revealed that fewer Romanians can afford to buy a home, with the percentage of urban homeowners standing at just 73%, significantly lower than the official statistic of 95%. Interest in homeownership has dropped from around 44% in previous years to 35% in 2025, driven […]
