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.
Romanian mountaineer and guide Teofil Vlad has successfully climbed the highest peaks on all seven continents, completing the prestigious Seven Summits challenge. His final ascent took place on March 7, when he reached the summit of Carstensz Pyramid in West Papua, Indonesia, marking the completion of a journey that began more than 20 years ago,
Xella Romania, one of the leading players in the local construction materials market, announced the appointment of Petrișor Grindeanu as its new CEO. The transition also marks a new chapter for the company after 16 years of leadership under Marius Dragne. With over 25 years of experience in the construction materials industry and a vision […]
The sale of the San Sebastian painting by the Spanish artist El Greco, a work of art that was part of the collection of the Romanian Royal Crown, will remain blocked until the end of June, following legal debates between lawyers representing Romania and Christie's auction house, finance minister Barna Tanczos told Profit.ro. ...
Romanian athlete Andrei Rareș Toader secured the gold medal in the men's shot put event at the European Athletics Indoor Championships in Apeldoorn on Sunday, March 9. Toader achieved a personal best and set a new national record with a throw of 21.27 meters, surpassing his previous record of 21.21 meters set in Ostrava just […]
Smartree HRTech, a leading provider of integrated payroll and human resources software solutions, announced the appointment of Nicoleta Mihaiu as its new CEO. Mihaiu’s expertise and vision “will strengthen the management team and further solidify Smartree’s position as a market leader in payroll and HR software solutions,” the company said. “I am honored to join […]
Supporters of far-right and pro-Russian politician Călin Georgescu became violent with police forces after his candidacy was invalidated by the Central Electoral Bureau, or BEC, on Sunday night, March 9. Some threw stones, firecrackers, and bottles at security forces, while others started fires and even flipped over a car of a local news station. Several gendarmes […]
