Seasonally adjusted gross domestic product rose by 0.4% in the euro area and the EU in the third quarter of 2024 compared with the previous three months, with Hungary, Latvia and Romania reporting the most significant declines, data released on Friday by the European Statistical Office (Eurostat) show. In Q2 2024, the economy went up by 0.2% in the euro zone and the EU.As a comparison, the US GDP went up in Q3 2024 by 0.7% as compared to the previous three months and 2.7% against the similar period of 2023.Among the EU member states, the most significant advance of economy in Q3 2024, compared to the previous three months, was registered in Ireland (3.5%), Denmark and Lithuania (both with 1.2%) and the most severe decline in Hungary (minus 0.7%), Latvia (minus 0.2%) and Romania (minus 0.1%, after an advance of 0.1% in Q2 2024).As compared to Q3 2023, between July and September 2024, GDP went up by 0.9%in the euro zone and by 1% in the EU, after an advance of 0.5% in the euro zone and 0.8% in the EU, in Q2 2024.Romania reported an annual decline of 0.3% between July and September 2024, after an annual advance of 0.8% in Q2 2024.The National Institute for Statistics (INS) revised downwards the economic growth of Romania during Q3 of this year, against the previous quarter, at -0.1% after having announced previously that it stagnated, and agains the same period of 2023 the GDP registered an increase of 1.1% gross series and a drop of 0.3% on the seasonally adjusted series, according to the temporary data published on Friday by INS.
President Klaus Iohannis is to hold consultations with the parliamentary parties on nominating a candidate for the prime minister job on Sunday, December 22, the Presidential Administration announced. The president, whose mandate has been extended after the
Step into 2025 with music, excitement, and unforgettable performances! New Year’s Eve at JW Marriott Bucharest Grand Hotel is not just a celebration – it’s a grand spectacle where world-class entertainment, live music, and vibrant energy come together for a night to remember. This year, we’ve curated a sensational lineup of artists and performers to […]
The Bucharest Police recently announced that the city will host several commemorative ceremonies marking 35 years since the Romanian Revolution of December 1989, causing traffic restrictions around the city. The restrictions will be in place from Friday to Sunday, December 20-22, 2024. On Friday, December 20, at around 10:00 AM, a religious/military ceremony with wreath-laying […]
Alex Florența, the General Prosecutor of Romania, said on Friday, December 20, that harsher punishments are needed to combat incitement to violence and Legionnaire propaganda (related to Mișcarea Legionară, a Romanian interwar fascist movement) in public spaces effectively. To that end, the office of the General Prosecutor will propose new measures to combat such phenomena. However, […]
Dennis Lloyd, Inna, Damian & Brothers, and Killa Fonic are among the artists who will perform at Flight Festival 2025. The festival is scheduled to take place between June 20 and June 22 at Timișoara’s Banat Village Museum. For three days, the venue “will open its doors for an experience that combines music, nature, and […]
Around 67% of Romanians believe that the economic situation will worsen, 7% higher than the previous year, according to the EY Consumer Index Romania 2024. Findings suggest a challenging start of 2025 both economically and politically in Romania. Additionally, in 2024, more than half of respondents (59%) were extremely concerned about conflicts and external wars. […]
