• 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.
Wizz Air has expanded its base at Timișoara International Airport, in western Romania, by adding a third aircraft and launching five new routes this month. The expansion marks another milestone for the carrier, which has transported more than nine million passengers to and from Timișoara since beginning operations there in 2008. Starting this week, passengers […]
Tech giant Apple announced a major expansion of its clean energy projects across Europe with new large-scale solar and wind farms under development in Romania, Greece, Italy, Latvia, and Poland. The local project is located in Galați County. Together with a newly operational solar array in Spain, the projects announced on Tuesday, October 14, will...
Romanian president Nicușor Dan argued that there is a lot of room for new American investments in areas such as energy or artificial intelligence in Romania in an interview given on Monday, October 13. The head of state said that foreign investments increase Romania’s economy and are generally beneficial to long-term growth. “There is a […]
British rock icons The Cure and American duo Twenty One Pilots will headline the 2026 edition of Electric Castle, one of Romania’s largest music festivals. The event will take place on July 16–19 at Banffy Castle in Bonțida, near Cluj-Napoca. Festival passes are available on the event’s website, with early bird prices offered through midnight, […]
Romanian prime minister Ilie Bolojan attended the launch of a new Mercedes-Benz assembly line for propulsion units on Monday, October 13, in Sebeș, central Romania. The new line will service fully-electric GLC models produced by the German carmaker. The new high-tech production line has a 15,000-square-meter assembly line, over 1,000 meters in length, and more […]
The merger between Intesa Sanpaolo Bank Romania and First Bank has entered its final stage and is scheduled for completion on October 31, pending all necessary legal and regulatory approvals, including from the National Bank. According to the two institutions, First Bank will merge by absorption with Intesa Sanpaolo Bank Romania, transferring its clients, products, […]
