Data with the National Institute of Statistics (INS) suggesting that Romania’s economic growth sped up significantly in Q3 2018, having advanced 1.9pct compared with Q2 2018, indicate that the measures taken by the government are correct, Prime Minister Viorica Dancila said at the beginning of a Gov’t meeting on Thursday. “Data released yesterday by the National Institute of Statistics indicate that the measures taken are right. According to INS, in the third quarter Romania’s economic growth accelerated significantly, by 1.9pct compared with the second quarter of 2018, which puts us in the first place in the EU. The quarterly economic growth in the EU was only 0.3pct overall, which highlight even more the economic development in Romania. Consequently, the actual economic growth in the third quarter of 2018 was up 4.3 percent from the third quarter of 2017. If we take into account the data with INS showing a 9-pct growth in exports in the third quarter and bumper crops, we can conclude that this growth is sustainable and is the result of the measures taken by the government of Romania,” said Dancila. She added that a second positive signal is “annual inflation down to the lowest level this year, at 4.25 percent in October 2018, from 5.03 percent in September 2018”. “There are official data showing that the government was right and the opposition, the analysts or, more seriously, public bodies were wrong, backed by irrefutable arguments,” said Dancila.
The post PM Dancila: Official statistics prove Gov’t measures right, economic growth sustainable appeared first on Nine O' Clock.
The programs Documentary Mondays and Fiction Tuesdays return at the Czech Center in Bucharest between May 13 and June 4, on Mondays and Tuesdays. Four films are part of the Documentary Mondays program, where the directors will take part in online Q&A sessions with the public. Apolena Rychlíková’s Limits of Europe, which follows the Czech journalist […]
The Bucharest National Airport Company (CNAB) has said an order was issued for the start of the construction works on an additional parking lot at the Henri Coandă International Airport, Bucharest’s main one. The parking lot, covering 20,265 sqm, will be constructed under a contract worth RON 14.89 million (without VAT) by an association between […]
Prime minister and Social Democratic leader Marcel Ciolacu reiterated the ruling coalition's decision to hold the presidential elections on September 15 for the first round and September 29 for the second round. Ciolacu added that the dates will not be changed to suit any party or individual. "We have a coalition decision that the elections […]
Romania’s economy minister, Ștefan-Radu Oprea, recently announced that Borusan Pipe will open a new production facility in the Alinso Industrial Park, located in the commune of Ariceștii Rahtivani, Prahova County, in a few months. The facility will start manufacturing pipes used in automobiles, with clients including Dacia and Ford Otosan, as well as companies from […]
The Republic of Moldova is a Guest of Honour country at this year's Bookfest, the book fair taking place in Bucharest between May 29 and June 2. Close to 40 events are part of the guest country program, from book launches to debates on current topics. Among the Moldovan authors who will be present at the […]
The Romanian medical recovery chain Centrokinetic, backed by the AGISTA growth investment fund, has recently purchased its eighth clinic, namely the Socrates Clinic in Timișoara. The completed transaction will see Centrokinetic acquire nearly 70% of the clinic's shares, with one of its founders, Dr. Armand Gogulescu, retaining a little over 30%. Plans for the immediate […]
