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%.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
