The National Prognosis Commission (CNP) has revised up to 3.6 percent the projection on the Gross Domestic Product (GDP)'s growth for this year and maintained to 4.1 percent its estimate on the economic growth in 2016, according to the fall's variant of average term prognosis 2015 - 2019. In the preliminary fall variant, published in September, the institution was forecasting an increase of the GDP by 3.4 percent for 2015 and of 4.1 percent for 2016. This spring, the CNP prognoses were indicating an economic growth of 3.3 percent for 2015 and 3.4 percent for 2016. The nominal GDP is estimated at 704.5 billion lei in 2015 and at 746.6 billion lei in 2016. The most significant contribution to the GDP's real increment this year will be given by the services (2.2 percent), followed by the industry (0.7 percent). The domestic demand will be up by 4.6 percent, in 2015, as against 2.6 percent in 2014, and for 2016 a growth by 4.7 percent is estimated. The gross fixed capital formation (investments) is expected to go up by 7.6 percent this year and by up 6.2 percent in 2016, similar to September estimates. The economic growth will stay put in the next years, for 2017 being estimated a GDP advance of 4.2 percent, in 2018 - 4.5 percent, and in 2019 - 4.7 percent. The state budget for the next year is based on a 4.1pct economic growth, according to data by the Public Finances Ministry as presented on November 18. The DGP is estimated at 746.6 billion lei. In 2014, the Romanian economy has increased by 2.8 percent.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
