- As against the same quarter of 2020, the Gross Domestic Product recorded an increase by 7.2% for the unadjusted series and by 8.0% for the seasonally adjusted series; - In the period 1.I-30.IX 2021, as against the same period of the previous year, the Gross Domestic product increased by 7.1% for the unadjusted series and by 6.8% for the seasonally adjusted series; - The seasonally adjusted series of quarterly Gross Domestic Product was readjusted as a result of the introduction of the estimates for Q3 2021, differences being recorded as compared to the version published in the Press release no. 261 of October 11, 2021. The growth of the Romanian economy has slowed to 0.3 pct in Q3 over the previous quarter, while compared to the same period of last year the growth of the GDP stood at 7.2 pct as gross series and 8 pct as adjusted series, according to data of the National Institute for Statistics (INS) sent on Tuesday .In the first nine months of this year, the GDP increased by 7.1 pct as gross series and 6.8 pct as seasonally adjusted series, as compared to the same interval of the previous year.On the other hand, INS mentions that, following the revision of the gross series by including the estimate of the Gross Domestic Product for Q3 2021 in the quarterly series, the seasonally adjusted series was recalculated, differences being recorded for the volume indicators compared to the second provisional variant of the GDP for Q2 2021, published in the press release of October 11, 2021.Thus, the figures regarding GDP growth in Q1 2021, compared to the previous quarter, were revised downward to 2.2 pct, from 2.6 pct, while those of Q2 2021, compared to the previous quarter, were revised downward to 1.5 pct from 1.9 pct.The European Commission recently revised to 7 pct the estimates regarding the economic growth of Romania this year, after estimating a 7.4 pct increase in July.
A selection of places that have recently made the headlines to consider for this year's list. Harghita, in central Romania, is set to hold in 2027 the title of Gastronomic Region of Europe, according to a decision of the International Institute of Gastronomy, Culture, Arts and Tourism (IGCAT) announced by county council officials. As...
The European Parliament's Budget and Foreign Policy Committees approved on Thursday the report on the Facility for the Republic of Moldova, worth EUR 1.8 billion. It is the largest package of financial support the European Union has ever offered to the Republic of Moldova for development,
The Ministry of Foreign Affairs (MAE) announced on January 30 that Romania "firmly" supports the sovereignty, territorial integrity, and independence of Ukraine, just a few hours after former ultranationalist presidential candidate Călin Georgescu declared that "Ukraine is an invented state" and that he wants the annexation of parts of Ukrainian territory that has been once […]
The Bucharest Court of Appeal rejected on January 29 the request filed by Greenpeace on the environmental permit for the Neptun Deep offshore gas project developed by state-owned Romgaz (BVB: SNG) and OMV Petrom (BVB: SNP). The NGO is also obliged to pay Romgaz Black Sea Limited, OMV Petrom, and the body that issued the […]
German retailer Lidl continues its investments in Romania by opening three new stores, in Sibiu, Suceava, and Bascov (Pitesti), on January 30, reaching a total of 368 stores in the country. Lidl Romania is the largest local retailer by turnover, according to rankings compiled by Ziarul...
The government of Romania published on January 30 the budget plan for 2025, with a deficit target of 7.04% of GDP. The public deficit would thus drop by 13.5% y/y from RON 153 billion in 2024 to RON 135 billion in 2025. The fiscal consolidation from 8.65% of GDP would be primarily achieved on the […]
