• Gross domestic product in Q4 2021 was, in real terms, by 0.1%1 lower, as compared to Q3 2021; • As against the same quarter of 2020, the Gross Domestic Product recorded an increase by 2.4% for unadjusted series and by 3.9% for seasonally adjusted series; • The unadjusted series, as well as the seasonally adjusted series, of quarterly Gross Domestic Product were recalculated as a result of the revision of the quarterly estimates for 2020 for reconciling them with the semi-final annual data, published in the release no. 322 of December 21, 2021, as well as a result of the revision of the estimates for Q1-Q4 2021, being modified as compared to the version published in the Press release no. 39 of February 15, 2022. Seasonally adjusted series The Gross Domestic Product – seasonally adjusted data - estimated for Q4 2021 amounted to 303812.0 million lei current prices, decreasing – in real terms – by 0.1% as against Q3 2021 and increasing by 3.9% as against Q4 2020, announced on Thursday, the National Institute for Statistics (INS). Unadjusted series The Gross Domestic Product estimated for Q4 2021 amounted to 355194.9 million lei current prices, increasing – in real terms – by 2.4% as against Q4 2020. The Gross Domestic Product estimated for the year 2021 amounted to 1179376.9 million lei current prices, increasing – in real terms – by 5.9% as against the year 2020. The contribution of resources and uses to the growth rate of GDP Resources Most of industries contributed to the GDP increase in the year 2021 as against 2020. Significant positive contributions had the following industries: - Wholesale and retail; motor-vehicles and motorcycles repair; transport and storage; hotels and restaurants (+1.7%), with a share of 19.0% in GDP, whose activity volume increased by 9.5%; - Industry (+1.0%), with a share of 213% in GDP, whose activity volume increased by 5.0 %; - Information and communication (+0.8%), with a share of 6.4% in GDP, whose activity volume increased by 13.4 %; - Net taxes on products (+0.8%), with a share in GDP of 9.5%, which recorded an increase in activity volume by 8.2%. Construction recorded a negative contribution to GDP growth rate (-0.1%) as a result of the volume decrease by 1.8%. Uses From GDP uses standpoint, the increase was, mainly, due to: - Final consumption expenditure of households whose volume increased by 7.8% contributing by +4.7% to the GDP growth rate; - Gross fixed capital formation, whose volume increased by 4.0% contributing by +0.9% to the GDP growth rate. Net export had a negative contribution to the GDP growth rate change (-1.5%), being influenced by the volume increase of imports of goods and services, by 13.7%, in correlation with a smaller increase of the volume of exports of goods and service, by 11.1%.
The Romanian government has approved a new emergency ordinance that introduces major fines for feeding wild bears, environment minister Diana Buzoianu announced on Thursday, November 6. The legislation also defines key terms such as "feeding of bears" and "habituated bear," aiming to curb practices that draw wildlife into populated areas,
The American defense technology company Allen Control Systems (or ACS) has signed a memorandum of understanding with the Romanian Armed Forces for the joint production of autonomous anti-drone turrets in Romania. ACS recently signed two contracts for the delivery of its autonomous Bullfrog turret to the armies of South Korea and the United Arab Emirates. […]
Global environmental NGO Greenpeace saluted the fact that Romania adopted a new normative act on Thursday, November 6, creating the necessary legislative framework so that citizens, municipalities, NGOs, and small enterprises can jointly produce, manage, and consume renewable energy. The framework was finally created “after nearly three years of waiting and requests from local authorities […]
Roweb, compania românească din spatele software-ului nr.1 din Belgia în Real Estate În timp ce România continuă să importe mai mult decât exportă, companii locale precum Roweb demonstrează că soluțiile digitale și inteligența artificială pot echilibra balanța și pot pune țara pe harta inovației europene. AI made in Romania: de la cod la […]
Romania has significantly increased its separate collection of textile waste over the past decade, rising from just 48 tons in 2010 to 2,774 tons in 2022, according to data analyzed by Clean Recycle. Despite the progress, the country still collects only about 15% of the roughly 250,000 tons of textile waste it generates each year. […]
Romanian president Nicușor Dan and Secretary General of the North Atlantic Alliance, Mark Rutte, participated in the NATO Industry Forum 2025 in Bucharest on Thursday, November 6. During his speech, the president said that “rearmament is not a choice, it is a necessity” due to the many threats to peace. The Romanian president began his […]
