In Q4 2023, seasonally adjusted GDP remained stable in both the euro area and the EU, compared with the previous quarter, with Romania ranking among the member countries with the strongest quarterly economic contractions, according to an estimate published on Friday by Eurostat, the statistical office of the European Union.Denmark (+2.0%) recorded the highest increase of GDP compared to the previous quarter, followed by Croatia (+1.3%) and Slovenia (+1.1%). The highest decreases were reported in Ireland (-3.4%), followed by Estonia, Finland (both -0.7%) and Romania (-0.5%).In Romania's case, the contraction of 0.5% in Q4 2023 comes after an advance of 1% in Q3, as well as an advance of 1.4% in Q2.Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 0.1% in the euro area and by 0.2% in the EU in Q4 2023, after +0.1% in both zones in the previous quarter.Romania's economy grew by 1.1% at an annual pace in the last three months of 2023, a significant slowdown after a 3.5% advance recorded in Q3.Also on Friday, Eurostat announced that the number of employed persons increased by 0.3% in the euro area and by 0.2% in the EU in Q4 2023, compared with the previous quarter. In Q3 2023, employment had increased by 0.2% in both zones.In Q4 2023, Romania (+1.5%), Malta (+1.4%) and Spain (+0.8%) recorded the highest growth of employment in persons compared with the previous quarter.Based on seasonally adjusted figures, Eurostat estimates that in Q4 2023, 217.1 million people were employed in the EU, of which 169.3 million were in the euro area.As for Romania, the National Institute of Statistics (INS) revised upwards the economic growth in 2023, to 2.1%, and downwards that of Q4 2023, to minus 0.5%. Thus, the Gross Domestic Product (GDP), seasonally adjusted, estimated for Q4 2023, was RON 415.906 billion in current prices, decreasing - in real terms - by 0.5% compared to Q3 2023, and up by 1.1% from Q4 2022.At the level of 2023 current prices, the estimated Gross Domestic Product was RON 1,598.576 billion, up 2.1% from the previous year.
SD Worx, a leading European HR and payroll solutions provider, said that it completed the acquisition of Romanian Software SRL, the market leader in Romania for payroll and Human Capital Management (HCM) solutions. Romania thus becomes the 18th European country in which SD Worx has its own proprietary payroll & HR software. SD Worx announced […]
The Holy Light will be brought from Jerusalem to Bucharest on the evening of Saturday, May 4, and then distributed to other areas of the country, according to a press release published by Basilica.ro. Moreover, a delegate of the Metropolis of Moldavia and Bucovina will take the Holy Light from Bucharest to Chisinau, in the […]
After six months of renovation work, the bookstore Șt. O. Iosif, the “heart” of Libris, reopened its doors in Brașov on April 26. The investment in the space redevelopment project, which also includes the rehabilitation of the building - a historical monument in which the bookstore has been operating since its foundation, amounts to EUR […]
Romanian athletes shined at the 2024 European Rowing Championships in Szeged, Hungary, gathering a total of eight medals: four gold, two silver, and two bronze. They thus managed to secure the second place in the competition’s medal count for Romania, the Olympic and Sports Committee announced. The gold medals were won...
Seventeen birds from species protected by law were found by police at the residence of a man in Domneşti, Ilfov county, in southern Romania, and were subsequently released into the wild. The police have opened a criminal case related to the matter. During checks, police officers from the Ilfov Animal Protection Office discovered that the […]
The Bucharest Tribunal ruled last Friday, April 26, that the trial of Andrew Tate and his brother Tristan could start. The two are accused of forming an organized criminal group, human trafficking, and rape. The preliminary chamber judge found the legality of the indictment and rejected several requests and exceptions formulated by the lawyers of […]
