The estimated gross domestic product (GDP) for 2020, semi-final data, was 1,058 billion lei in current prices, decreasing - in real terms - by 3.7% compared to 2019, according to data with the National Institute of Statistics (INS).In the provisional version on the evolution of GDP last year, published in spring, the National Institute of Statistics maintained at 3.9% the estimate regarding the decrease of the Gross Domestic Product in 2020.In 2020, by categories of resources, the most important changes in the contribution to GDP growth, between the two estimates, were registered: industry, from -1.9% to -0.9%, as a result of the change in the volume of activity by +4.6 percentage points (from 90.9% to 95.5%); financial intermediation and insurance, from 0.0 to -0.7%, as a result of the change in the volume of activity by -27.8 percentage points (from 98.6% to 70.8%).By categories of uses, in 2020, more important changes in the contribution to GDP growth, between the two estimates, recorded gross fixed capital formation, from + 1.5% to + 0.9%, as a result of the change in volume or by -2.7 percentage points (from 106.8% to 104.1%); the variation of stocks and valuables, from -0.9% to -0.3%.
The passenger information system at Bucharest's North Railway Station (Gara de Nord), Romania's busiest train hub, malfunctioned Friday morning, July 4, according to an announcement from the national railway company CFR SA. At the time this story was published, display boards showing train arrivals and departures, the digital panels on platforms, and surveillance cameras inside […]
Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]
The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]
Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]
Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]
Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]
