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.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
