- As against the same quarter of 2020, the Gross Domestic Product recorded an increase by 7.4% for the unadjusted series and by 8.2% for the seasonally adjusted series; - In the period 1.I-30.IX 2021, as against the same period of the previous year, the Gross Domestic product increased by 7.2% for the unadjusted series and by 6.9% for the seasonally adjusted series; - The seasonally adjusted series of quarterly Gross Domestic Product did not changed as a result of the revision of the estimates for Q3 2021, as compared to the provisional (1) version, published in the Press release no. 311 of December 7, 2021. The National Institute of Statistics (INS) maintained at 0.4% the estimate for the growth of the Romanian economy in Q3, 2021, compared to Q2, but there were changes in the contribution of investment and consumption to the advance of GDP.Thus, compared to the figures published by INS in December last year, the final consumption expenditure of households had a contribution of 5.4% to GDP growth, from + 5.6% previously, due to the decrease of its volume from 9.3% to 9%. The final consumption expenditure of public administration had a negative contribution of -0.3%, due to the decrease in its volume from 0.3% to minus 1.6% while the gross fixed capital formation also had a contribution down to -0.5%, from -0.1%, as a result of the reduction of its volume from minus 0.4% to minus 1.7%.Compared to the same quarter of 2020, the Gross Domestic Product increased by 7.4% as raw series and by 8.2% as seasonally adjusted series.At nine months, the gross domestic product was 818.951 billion lei current prices, up, in real terms, by 7.2% compared to the same period in 2020.In Q3, the volume of the gross value added registered more important changes in the following fields: information technology and communications (+0.3 percentage points), from 113.9% to 114.2%; constructions (-0.2 percentage points), from 93.9% to 93.7%; financial intermediation and insurance (-0.2 percentage points), from 99.7% to 99.5%; real estate transactions (-0.2 percentage points), from 102.1% to 101.9%.
Romania’s national team learned its potential group-stage opponents for the 2026 FIFA World Cup on Friday, December 5, during the official draw held at the John F. Kennedy Center for the Performing Arts in Washington, D.C. The winner of the UEFA play-off path that includes Romania will join Group D, alongside the United States, Paraguay, […]
Romanian president Nicuşor Dan is paying an official visit to France on Monday and Tuesday, with a schedule that includes meetings with French leader Emmanuel Macron, Paris mayor Anne Hidalgo, and members of the Romanian community,
The December 7 elections in Bucharest marked the lowest turnout in the last decade, but were also a major win for the National Liberal Party (PNL) since its candidate, Ciprian Ciucu, won a majority of votes in 5 of the 6 districts of the capital. In District 1, Ciprian Ciucu obtained 40.29% of the votes. […]
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...
