The economy of the euro zone and that of the European Union registered a slight growth in Q4 2024 as compared to Q3 but the Romanian economy had a double growth against the average in the EU, according to the data revised publicly on Friday by Eurostat.According to the data, the GDP of the 20 countries which have switched to the single currency registered an advance o 0.2% during October –December 2024, as compared to the previous quarter, against the growth of 0.1% initially announced by Eurostat. The European office revised the data regarding the European Union, whose economy registered an advance of 0.4% in Q4 compared to the previous quarter, double against the growth of 0.2% initially announced.Among Member States, the strongest GDP growth rates were in Ireland (3.6%), Denmark (1.6%) and Portugal (1.5%). For Romania, Eurostat data show that GDP grew by 0.8% in the fourth quarter of 2024, compared with the previous quarter. This after Romania's GDP grew by 0.1% in the third quarter compared with the second quarter. In exchange, annually, Q4 2024 as compared to Q3 2023 the economic performance of Romania, growth of 0.7% is inferior to that in the euro zone economy of 1.2% and EU – 1.4%.Over 2024 as a whole, Gross Domestic Product grew by 0.9% in the euro area and by 1% in the EU, after a 0.4% advance in both areas in 2023. Separately, Eurostat on Friday released figures on employment developments in the fourth quarter. According to the data, the number of people in employment rose by 0.1% in the euro area and by 0.2% in the EU in the fourth quarter compared with the previous quarter, while Romania was the country with the strongest quarter-on-quarter increase in the employment rate, with a 2% advance. Eurostat estimates that in the last quarter of last year, 219.7 million people were employed in the European Union, including 171.2 million in the euro area.
The Patriarch of the Romanian Orthodox Church, Daniel, congratulated Pope Leo XIV for succeeding Pope Francis on Thursday, May 8. He expressed confidence that the new pope will continue to promote "the spirit of dialogue, peace, and cooperation between the Roman Catholic Church and the Orthodox Church." "In a world facing multiple spiritual, economic, and […]
The organizers of the Untold festival announced they will offer a RON 150 (EUR 30) voucher toward the purchase of a festival pass to anyone who votes on May 18, during the second round of the presidential elections. In an online message, Untold representatives emphasized the connection between civic participation and the future of every […]
The Open Streets program, which sees the city's major arteries close for car traffic and become pedestrian areas, returns this weekend with a program of exhibitions, concerts, and a Festival of Lights. On Saturday, May 10, at 2:00 p.m., the public is invited to the Made in Romania exhibition, which presents a selection of civilian […]
Joseph Stiglitz, the famous economist and professor at Columbia University in New York, and winner of the Nobel Prize in economy in 2001, told an audience in Cluj, Romania, that governments must stimulate exports and key sectors when facing deficits. Stiglitz was in Romania on Thursday, May 8, to receive the title of Doctor Honoris […]
The Constitutional Court unanimously validated on Friday, May 9, the results of the first round of the presidential elections. It also rejected as unfounded a request to annul the elections filed by Sebastian-Constantin Popescu, the presidential candidate of the New Romania Party, it announced. The runoff, set for May 18, will see ultranationalist leader George […]
Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
