- As against the same quarter of 2020, the Gross Domestic Product recorded an increase by 13.0% for the unadjusted series and by 13.6% for the seasonally adjusted series; - In the first semester of 2021, as against the same period of the previous year, the Gross Domestic product increased by 6.5% for the unadjusted series and by 6.2% 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 Q2 2021, being revised as compared to the version published in the Press release no. 174 of 8 July 2021. Romania's Gross Domestic Product (GDP) advanced 6.5% in H1 2021 y-o-y in unadjusted terms, and 6.2% when seasonally adjusted according to the flash estimates published on Tuesday by the National Institute of Statistics (INS).In Q2 2021, GDP increased by 1.8% on a quarterly basis seasonally adjusted. When compared to the same quarter one year before, the Romanian economy was up 13.6%.According to INS data, Romania's Q2 2021 GDP was up 13% in unadjusted terms over Q2 2020."Following the revision of the unadjusted series by including the estimate of Gross Domestic Product for the second quarter of 2021 in the quarterly series, the seasonally adjusted series was recalculated, with the volume indices being revised against the second provisional version of Q1 2021 Gross Domestic Product published in press release 174 of July 8, 2021. Thus, the results of the first quarter of 2021, against the fourth quarter of 2020, were revised from 102.9% to 102.5%," according to INS.
Thailand is quite a popular destination in Southeast Asia. It is renowned for its stunning beaches, ancient temples, and friendly locals. However, behind the smiles lies a culture rooted in tradition, respect, and subtle social rules. While most people are friendly and forgiving of mistakes, it's still essential for visitors to understand basic etiquette. A […]
The ratio between the market capitalization of companies listed on the Bucharest Stock Exchange and Romania’s GDP was 20.7% as of December 31, 2024, below the levels recorded in other regional markets, such as Greece (43.7%), Croatia (33.8%), and Hungary (21%). The figure can be disappointing as Romania’s BVB has significantly more listed companies (346) […]
OVES Enterprise, a Romanian software development company based in Cluj-Napoca, announced an expansion to the United States market through a strategic partnership with Adler Aerospace. The company will be developing large military drones based on the company’s artificial intelligence solution, Nemesis AI. The agreement provides for the integration of the Nemesis AI platform into the […]
Homeowners in Bucharest are finding buyers for their apartments faster than anywhere else in Romania, while sellers in Cluj-Napoca face the longest waits, according to a new real estate market report published by Imobiliare.ro and quoted by Agerpres. The study, titled Market 360: Residential...
Work has begun on restoring the alleys in Bucharest’s Herăstrău Park, as some were severely affected by the collapse of the bank and were facing a real risk of falling. The restorations will be complete in 2026. Herăstrău Park is nearly 100 years old and has been worn down by weather events and other phenomena. […]
Romania has awarded a record 4.2 GW of renewable energy capacity across two Contracts for Difference (CfD) auctions, exceeding its 3.5 GW target under the national Recovery and Resilience Plan, the European Bank for Reconstruction and Development announced. The second auction, held in August 2025 and backed by the EBRD, allocated...
