- 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%.
The authorities in Bran, central Romania, recently revealed a plan to transform the central park into an attractive spot for leisure activities that would benefit from the proximity to the small community's famous castle. A specialized design firm has been contracted to modernize the park, and has already begun the process of obtaining approvals for […]
Rubik Hub has been ranked 39th out of 150 in the prestigious Europe’s Leading Start-up Hubs 2025 ranking. Compiled by the Financial Times, in collaboration with international research and data company Statista and start-up media platform Sifted, the ranking identifies and highlights the top-rated and most recommended start-up support programs across Europe. Rubik Hub achieved […]
Romanian foreign minister Emil Hurezeanu stated at the High-Level Segment of the 58th session of the UN Human Rights Council (HRC) in Geneva that strengthening mechanisms for investigating human rights violations in Ukraine is necessary. The statement comes as the United States under the Trump administration has toned down its condemnations against Russia amid the […]
Several Western embassies in Bucharest expressed support for Romania on Thursday, February 27, emphasizing its commitment to the rule of law, democratic values, and judicial independence, Biziday.ro reported. Representatives of France, Germany, the Netherlands, and Spain posted messages on social media reaffirming their confidence in Romania's institutions amid recent criticism from figures associated with the...
RoBoost, Romanian Business Leaders’ program dedicated to the development of Romanian Tourism Brand, was the host of “Strategies and Influencers for the Future of Romanian Tourism” Conference at the RomExpo Tourisn Fair in Bucharest. The Conference brought together industry leaders, experts and influencers to discuss insights and opportunities for a future of...
Romanians welcome spring on March 1 with the centuries-old tradition of mărțișor, a red-and-white trinket symbolizing luck and continuity. To mark the occasion, Patricia Furstenberg, a Romanian-born author in South Africa and a Romania-insider.com reader, shares a story that “blends atmospheric storytelling with the deep-rooted symbolism of mărțișor, exploring how a simple string can carry the […]
