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%.
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 […]
Alt.Real and RongoDesign have been named the winners of the 2025 Romania ClimAccelerator in the Seed Stage category, the organizers announced. The program is dedicated to supporting early-stage climate-focused startups. This year’s accelerator selected 25 startups split between two tracks: 10 in the Pre-Seed Stage for early teams with a validated idea and 15 in […]
This week, the EDIT association launched the mural “Write your story through sport,” dedicated to Olympic and world swimming champion David Popovici. The work, created by the Sweet Damage Crew on an area of approximately 400 sqm on Simion Bărnuțiu Street in Timișoara, is part of the Outline Streetart urban revitalization project and promotes sport, […]
Romania’s Artmark Group, a major operator in the art and collectibles market in Romania, Bulgaria, and Croatia, appointed Sorin Paul Suciu as Chief Executive Officer (CEO). Suciu takes over the operational and strategic coordination of the group in a phase of accelerated development, according to the company. He has over 25 years of experience in the […]
Romanian defense minister Ionuț Moșteanu resigned on Friday, November 28, after a scandal regarding inconsistencies in his resume triggered by a journalistic investigation. The controversy erupted after Libertatea reported that Moșteanu had falsely claimed in his first...
