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.
IKEA, the world’s largest furniture retailer, announced the opening of the first Planning and Order Studio in Cluj County on Thursday, October 23. Located inside the Kaufland Cluj-Gheorgheni shopping gallery in Cluj-Napoca, the location spans over 200 sqm and includes a planning area and a space displaying more than 1,100 IKEA items. The new studio […]
Romanian president Nicușor Dan said that EU countries must equip themselves to deter Russia “from thinking about an attack on Europe,” according to Agerpres. The danger is not new, Dan argued. The EU has been facing a hybrid war for at least a decade. The Romanian president made the statement...
One of fall’s most awaited film festivals kicks off in Bucharest, where the season of Halloween events has already started, alongside many concerts and exhibitions.
Johann Strauss Ensemble, one of Austria’s most acclaimed classical orchestras, will embark on a new tour in Romania in December, with the celebrated concert “Best of Vienna.” Conducted by violinist and maestro Russell McGregor, the ensemble will bring the charm of Vienna’s festive season to Romanian audiences for the 21st consecutive year. The tour will […]
A national study conducted by World Vision Romania in partnership with TikTok shows that although 51% of parents in Romania talk daily with their children about the use of social networks, almost 70% of them do not trust their own abilities to support them in navigating online. According to the study, which is meant to […]
Autumn is a great season for festivals, so let’s have a look at those happening: one of the greats and a fresh one. With a feature bonus, a theatrical release that fits in this cinematic take on social, historical, and political themes – past, present, and future. Sibiu’s Astra Film Festival has been consistently great […]
