The estimated gross domestic product (GDP) for 2020, semi-final data, was 1,058 billion lei in current prices, decreasing - in real terms - by 3.7% compared to 2019, according to data with the National Institute of Statistics (INS).In the provisional version on the evolution of GDP last year, published in spring, the National Institute of Statistics maintained at 3.9% the estimate regarding the decrease of the Gross Domestic Product in 2020.In 2020, by categories of resources, the most important changes in the contribution to GDP growth, between the two estimates, were registered: industry, from -1.9% to -0.9%, as a result of the change in the volume of activity by +4.6 percentage points (from 90.9% to 95.5%); financial intermediation and insurance, from 0.0 to -0.7%, as a result of the change in the volume of activity by -27.8 percentage points (from 98.6% to 70.8%).By categories of uses, in 2020, more important changes in the contribution to GDP growth, between the two estimates, recorded gross fixed capital formation, from + 1.5% to + 0.9%, as a result of the change in volume or by -2.7 percentage points (from 106.8% to 104.1%); the variation of stocks and valuables, from -0.9% to -0.3%.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
