Household consumption is expected to become this year and remain in 2025 the main determinant factor of GDP growth, given the significant acceleration of the growth of real disposable income, but also in the context of real interest rates on household loans and deposits, according to the Minutes of the monetary policy meeting of the Board of Directors of the National Bank of Romania of August 20, 2024."It was noted that, similar to previous forecasts, household consumption is expected to return this year and remain in 2025 the main determinant of GDP growth, given the significant acceleration of real disposable income growth - under the influence of wage increases and social transfers superimposed on the relatively lower downward trajectory of the inflation rate - but also in the context of real interest rates on loans and population's deposits," reads the BNR minute.A significant contribution to GDP growth is likely to continue to come from gross fixed capital formation, whose growth is expected to slow down considerably in 2024-2025, after the strong acceleration in 2023, but to remain alert from a historical perspective, amid the attraction and use of a significant volume of European funds, but decreasing compared to 2023 and in the context of significant uncertainties associated with budget programmes and executions, as well as geopolitical tensions and economic developments in Europe, the members of the Board noted.At the same time, following the evaluation of the relevant indicators, it was concluded that, in the second quarter, private consumption remained the main determinant of economic growth, and a large contribution is possible from the gross fixed capital formation, mainly on account of the construction activity.
The demand for logistics and industrial spaces reached 575,000 sqm during the first 9 months of this year, a decrease of 20% compared with the same period of 2023, according to a report by real estate consulting company Cushman & Wakefield Echinox. The figures for Q3 2024 reveal that 164,000 square meters were contracted, a […]
Dutch classical music star André Rieu will return to Romania for two concerts at BTarena in Cluj-Napoca on November 13 and 14, 2025. Rieu’s concerts in Romania, where he enjoys a high degree of popularity, have set multiple attendance records. In 2015 and 2016, he performed nine sold-out shows in Bucharest’s Constitution Square for over […]
Till Lindemann, the frontman of famous German rock band Rammstein, will embark on his "Meine Welt" tour across European arenas in the fall of 2025. Among his stops he is scheduled to perform in Romania on December 4, 2025, at Romexpo in Bucharest, as announced on his official website. The "Meine Welt" tour will take […]
HR Summit, one of the most important events dedicated to the human resources industry in Transylvania, will take place under the theme Shifting Priorities: Talent, Technology, and Trust, on Friday, November 22, at Radisson Blu Hotel in Cluj-Napoca. This year's edition of HR Summit focuses on leadership, employee well-being, the introduction of innovative...
Fourteen Central and Eastern European startups (CEE) have been selected for the first edition of the Impact Creators accelerator, Impact Hub Bucharest and PurposeTech announced. The application period attracted 133 proposals from 18 countries. The startups will participate in an intensive program to accelerate their businesses, which will end with a Pitch Day. The most […]
The immersive art museum MINA Cluj will host a special event featuring Dumitru Prunariu, the only Romanian who flew in space. Scheduled for November 24, the event will give the public the opportunity to hear the stories directly from the one who represented Romania in the Soyuz 40 mission in 1981, carried out as part […]
