Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. GROSS DOMESTIC PRODUCTS IN Q3 2015 WAS, IN...

GROSS DOMESTIC PRODUCTS IN Q3 2015 WAS, IN REAL TERMS, BY 1.4%1 HIGHER, AS COMPARED TO Q2 2015

January 5, 2016

• As against the same quarter of 2014, the Gross Domestic Product recorded an increase by 3.6% for both unadjusted series and seasonally adjusted series; • In the period 1.I?30.IX 2015, Gross Domestic product increased by 3.7% as against the same period of the previous year, for both unadjusted series and seasonally adjusted series; • The seasonally adjusted series of quarterly Gross Domestic Product were re? adjusted as a result of the revision of the estimates for Q3 2015, but no differences were recorded as compared to the version published in the Press release no. 290 of November 13, 2015. The Romanian Gross Domestic Product (GDP) was up 3.7 percent in the nine months of this year as compared to last Jan.-Sept., both by gross series and seasonally adjusted series, shows provisional data published by the National Institute of Statistics on Friday. The GPD estimated for the first three quarters of this year totalled more than 527.5 billion lei worth of current prices for the seasonally adjusted series and stood at almost 498.48 billion lei for the gross series. All the economic sectors contributed to the GDP growth, except for agriculture, forestry and fishery (-0.5pct). Wholesale and retail trade, the repair of vehicles and motorcycles, transport and warehousing, hotels and restaurants made a positive contribution of 1.1 percent, accounting for 16.7 percent of GDP; the activity of such sector expanded 7.1 percent. Information and communications contributed 0.8 percent to the GDP growth, with a lower share in the formation of the GDP (6.7pct), but they recorded a significant rise in the volume of activity (12.8pct). Industry also made a positive 0.5 percent contribution, accounting for 22.7 percent of the GDP formation, while net product taxes contributed 0.8 percent to the GDP increase and held a 12.6 percent share in the GDP formation. In terms of the GDP use, the growth was chiefly the result of the end-consumption spending of the households, the volume of which went up 5.7 percent, contributing 3.5 percent to the GDP growth and of the gross formation of fixed capital with 1.5 percent contribution thanks to 6.8 percent increase in its volume. Negative contribution to the GDP growth was made by the net export (-1.0pct), as a result of the 5.7 percent rise in the exports of goods and services correlated with a higher rise in the volume of imports of goods and services at 8.0 percent. The GDP in the 3rd quarter was by 1.4 percent larger than in the 2nd quarter, in real terms. The Romanian economy expanded by 3.6 percent as compared to the same quarter in 2014, both by gross and seasonally adjusted series. The GDP estimated for the 3rd quarter of 2015 totalled 195.77 billion lei in current prices (gross series), on the rise by 3.6 percent from the 3rd quarter of 2014 in real terms. The gross domestic product by seasonally adjusted data was estimated for this 3rd quarter at 178.432 billion lei in current prices, posting a real-term growth of 1.4 percent from the 2nd quarter of 2015 and having expanded by 3.6 percent y-o-y, the Institute data reveals.

Read in full - click here
Junot Díaz, Tracy Chevalier, Michel Bussi: Iași literature festival announces first guests at 2025 edition

Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]

A Taste of Nature: Michelin-Starred Chef Theodor Falser brings his culinary artistry to JW Marriott Bucharest

Bucharest is about to welcome a culinary moment like no other. This September, the JW Marriott Bucharest Grand Hotel will host Michelin-starred Chef Theodor Falser - a name synonymous with nature-inspired haute cuisine - for three exclusive evenings that promise to delight the senses and tell stories through food. The Chef Who Cooks Nature Theodor […]

Government: IMF backs Romania’s fiscal measures, sees 1% GDP growth in 2025

The International Monetary Fund (IMF) has endorsed Romania’s latest fiscal measures, forecasting that the economy will grow by 1% in 2025 and 1.4% in 2026, the government said Friday, September 12, after talks with a visiting IMF delegation. The delegation, led by Joong Shik Kang, met prime minister Ilie Bolojan in Bucharest to discuss the […]

Romanian theater stages robot-only performance exploring technology and e-waste

The George Ciprian Theater in Buzău has unveiled “E-Waste E-Motion,” the first performance in Romania in which all characters are played by small autonomous robots, blending art, technology, and sustainability in an experimental theatrical project. “E-Waste E-Motion” is part of a broader artistic research initiative supported by the National University of Theatre and Film (UNATC) […]

Emmy Stoel appointed as the new General Manager of InterContinental Athénée Palace Bucharest

With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]

Update: Six knives found on woman trying to enter Romanian Parliament

Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...