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.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
