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.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
