The data published by Destatis shows a decrease of 0.6% in Germany's exports in July, despite expectations of growth. Exports to the USA fell significantly by 7.9% due to tariffs imposed by Washington. In contrast, exports to EU countries increased by 2.5%. Imports decreased by 0.1%, resulting in a trade surplus of 14.7 billion euros. Additionally, industrial production increased by 1.3%, suggesting a possible stabilization of the economy. Germany remains an essential trading partner for Romania and other EU states.
Sources
Latest News
14:27
A Romanian woman and a Ukrainian man were arrested in Germany for espionage activities in favor of a foreign secret service.
14:20
EXCLUSIVE The top themes in domestic politics in trends, in the last week
14:15
The deadline for completing the road works on the Comarnic Belt is set around the date of August 24.
14:05
Arad Airport suspends fuel supply until August 12 due to supply issues.
13:57
INHGA has issued a yellow flood warning, valid until Friday morning, for ten hydrographic basins in Romania.
See more news