• 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.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
Producer Ada Solomon has been elected chair of the board of the European Film Academy, marking the highest level of representation the Romanian film industry has achieved within the institution. Solomon was chosen by more than 5,400 Academy members across Europe, according to the official announcement. Dutch producer Leontine Petit and French producer Matthieu Darras […]
