The Gross Domestic Product (GDP) stagnated in the first quarter of this year compared to the previous quarter, and compared to the same quarter of 2024, GDP recorded an increase of 0.2%, according to data the National Institute of Statistics (INS) published on Thursday.According to INS, based on seasonally adjusted data, GDP did not change in Q1 2025 compared to the previous quarter, and compared to the same quarter in 2024, the economy grew by 0.5%."The seasonally adjusted series was recalculated by including the GDP estimate for Q1 2025, and volume indices were revised compared to the second provisional version of the GDP for Q4 2024, published in Press Release No. 88 on April 10, 2025. As follows: Q1 2024 compared to Q4 2023 was revised from 99.6% to 99.9%; Q2 2024 compared to Q1 2024 was revised from 100.4% to 100.3%; Q3 2024 compared to Q2 2024 was revised from 99.9% to 99.8%; Q4 2024 compared to Q3 2024 was revised from 100.6% to 100.5%; Seasonally adjusted series are recalculated quarterly in accordance with European practice," the INS mentions.The budget for the current year is built based on an estimated economic growth of 2.5%.
Maia Sandu, the president of the Republic of Moldova, has been awarded the Franz Josef Strauss Prize by the Hanns Seidel Foundation in recognition of her commitment to democratic values, the rule of law, and her support for Ukraine. The award ceremony took place in the Kaisersaal of the Munich Residenz and was attended by […]
Romania’s new ruling coalition, composed of the National Liberal Party (PNL), Social Democratic Party (PSD), Save Romania Union (USR), the Democratic Alliance of Hungarians in Romania (UDMR), and representatives of national minorities, signed a political agreement on Monday, June 23, outlining the structure of the incoming government, the rotation of the prime minister’s office, and […]
InterContinental Athénée Palace Bucharest is pleased to announce that Chef Michael Passarelli has joined the team as Chef de Cuisine at JORJ, the hotel's iconic dining venue, recently reopened following a comprehensive renovation totalling EUR 3.2 million. With a career spanning over 20 years in top restaurants across Romania, Italy, Belgium, the Netherlands, and Switzerland, […]
A powerful story of survival and displacement took center stage at the 23rd edition of the Transilvania International Film Festival (TIFF) in Romania, as To a Land Unknown (UK) claimed the coveted Transilvania Trophy. The EUR 10,000 award was presented during the festival’s Closing Gala at the National Theatre in Cluj-Napoca on Saturday evening, June […]
Romanian star tennis player and former women’s world no. 1 Simona Halep announced that she will play at the Concord Iaşi Open tournament on July 9 during an exhibition match. The former WTA leader will step onto the court alongside Andrei Pavel, as well as other well-known names that have not yet been revealed during […]
Claudiu Târziu, a former leader and co-founder of the far-right party Alliance for the Union of Romanians, or AUR, launched a new conservative party on Saturday, June 21, in opposition to the announced centrist government. Named The Conservative Action party, the new formation “will harshly sanction every deviation of this treacherous coalition,” the leadership said […]
