The National Institute of Statistics (INS) revised upwards its estimate for Romania's Q1 2024 economic growth from 0.4 percent to 0.7 percent; year over year, the GDP was 0.5 percent up in unadjusted terms and 2.2 up seasonally adjusted, shows the second version of the provisional data set released by INS on Monday.According to the statistics authority, the seasonally adjusted GDP estimate for Q1 2024 was RON 424.634 billion in current prices, 0.7 percent up in real terms compared to Q4 2023, and 2.2 percent higher year-over-year.In unadjusted terms, the estimated GDP for Q1 2024 was RON 348.870 billion in current prices, 0.5 percent higher in real terms compared to Q1 2023.Compared to the first provisional data set, the GDP growth rate increased 0.4 percentage points, and the gross value added growth is +0.5 percent up.INS specifies that the volume of net of tax per product is 0.2 percentage points higher in the second provisional data set compared to the previous estimate, from 106 to 106.2 percent.This year's budget is built for an economic growth of 3.4 percent.
More than 2 out of 3 Romanian consumers do not return for a second purchase, according to the new Customer Loyalty Index, a comprehensive analysis based on aggregated data from campaigns and authored by White Image, the oldest email marketing company in Romania. The Index analyzes the post-purchase behavior of Romanian consumers and highlights major […]
Fashion retailer Primark announced major plans to expand its presence in Romania, confirming four new store openings for 2026. This will double its presence in the market and create over 450 new jobs. The announcement arrived at an important moment for the company, which marked three years since the opening of its first Romanian store […]
Romania’s National Road Investment Company (CNIR) awarded on Tuesday, December 16, the contract for the design and construction of the Bacău–Piatra Neamț express road to a Romanian–Bulgarian consortium. The value of the contract is RON 5.17 billion (some EUR 1 billion), excluding VAT, and its signing will take place if no appeals are filed. The […]
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
