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%.
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
Bucharest Tribunal rejected on Wednesday, December 17, an appeal filed by former presidential candidate Călin Georgescu against a lower court decision to keep him under judicial control in a case in which he is accused of promoting legionary ideology. The ruling is final,
European chief prosecutor Laura Codruța Kovesi, the former head of Romania's National Anticorruption Directorate (DNA), said she was “shocked” by the revelations made by magistrates in the Recorder documentary ‘Captured Justice,' released on December 9. The media investigation, which fueled major street protests in Romania, details how...
Romania is among 19 European Union member states asking the European Commission to allocate funding for the creation of migrant return centres to be located outside the EU, amid a broader tightening of the bloc’s migration policy, Agerpres reported. The request follows decisions taken by...
The minister of economy, Radu Miruţă, announced that the Agency for Monitoring and Evaluation of Public Enterprises' Performance (AMEPIP) fined him, as a natural person, for "wanting a clean and fair management at a state-owned company" - Avioane Craiova. The fine is apparently linked to comments made by minister Miruţă about the management teams appointed […]
