• Gross Domestic Product recorded an increase by 0,8%, as against the same quarter of 2023, for both unadjusted and seasonally adjusted series; • In the first semester of 2024, as against the same period of the previous year, the Gross Domestic Product increased by 0.7 % for the unadjusted series and by 1,5% for the seasonally adjusted series; • The seasonally adjusted series of quarterly Gross Domestic Product was readjusted as a result of the introduction of the estimates for Q2 2024, being revised as compared to the version published in the Press release no. 176 of 8 July 2024. Seasonally adjusted series According to data published on Wednesday by the National Institute of Statistics (INS), in Q2 2024, as compared to the previous quarter, the Gross Domestic Product increased by 0.1%. As compared to the same quarter of 2023, the Gross Domestic Product increased by 0.8%. In the first half of the year 2024, the Gross Domestic Product increased by 1.5% as compared to the same period of 2023. Unadjusted series As compared to the same quarter of 2023, Gross Domestic Product in Q2 2024 increased by 0.8%. In the first half of the year 2024 the Gross Domestic Product increased by 0.7% as compared to the same period of 2023. Revisions As a result of the revision of the unadjusted series by including the estimates for Q2 2024 in the quarterly series, the seasonally adjusted series were re-estimated. The volume indices were revised as compared to the second provisional version of quarterly gross domestic product published in the Press release no. 176 of July 8, 2024 as follows: - the results of second quarter of 2023, compared with the first quarter of 2023, were revised from 102.8% to 102.9%; - the results of third quarter of 2023, compared with the second quarter of 2023, were not revised (103.5%); - the results of fourth quarter of 2023, compared with the third quarter of 2023, were not revised (101.1%); - the results of the first quarter of 2024, compared with the fourth quarter of 2023, were not revised (102.2%). The seasonally adjusted series are quarterly re-estimated according to the European practice.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
