• As against the same quarter of 2020, the Gross Domestic Product recorded an increase by 13.9% for the unadjusted series and by 14.4% for the seasonally adjusted series; • In the first semester of 2021, as against the same period of the previous year, the Gross Domestic product increased by 7.0% for the unadjusted series and by 6.6% for the seasonally adjusted series; • The seasonally adjusted series of quarterly Gross Domestic Product were readjusted for ensuring the consistency between the annual data and the quarterly data in the context of the revision of the estimates for year 2019, from semi-final version to final version, on one hand, and the revision of the estimates for Q2 2021, on the other hand, differences being recorded as compared to the version published in the Press release no. 224 of September 7, 2021. The National Institute of Statistics (INS) has revised Romania's Q2 2021 economic growth to 1.9%, from 1.8%, as previously estimated, according to provisional data published on Monday by INS.On September 7, INS announced that Romania's economy grew by 1.8% in the second quarter of 2021 from the previous quarter; as against the same period of 2020, the Gross Domestic Product (GDP) advanced 13% unadjusted and 13.6% when seasonally adjusted.According to INS, the seasonally adjusted Gross Domestic Product estimated for the second quarter of 2021 was 290.489 billion lei current prices, up in real terms 1.9% from Q1 2021, and 14.4% from Q2 2020.The estimated gross domestic product for the first half of 2021, adjusted, was 574.137 billion lei current prices, up in real terms 6.6% from H1 2020.Unadjusted, the estimated Gross Domestic Product for the second quarter of 2021 was 271.202 billion lei current prices, up in real terms 13.9% from the second quarter of 2020.According to INS data, the estimated gross domestic product for the first half of 2021, unadjusted, was 496.253 billion lei current prices, up in real terms 7% from the first half of 2020.As against the previous provisional estimates, the GDP in the second quarter of 2021 increased by 0.9 percentage points (from 113.0% to 113.9%) as well as the gross value added (from 112.0 % to 112.9%), while the volume of net taxes on product increased by 1.4 percentage points.The volume of gross value added by branches recorded more important changes in: construction (+6.6 percentage points); entertainment, cultural and recreational activities; repair of household goods and other services (+5.5 percentage points).In terms of the use of the GDP, more important changes in contribution to the GDP growth between the two estimates were reported in the household final consumption expenditure, from + 6.2% to + 7.3%, and the net export of goods and services, from -1.9% to -2.1%.
The countdown is on until the start of the largest local fest, Transilvania International Film Festival on 13 June. Or, as everyone calls it: TIFF. To pass the time and (or) have an alternative, do not miss some of the most entertaining stories of all time courtesy of suspense master Alfred Hitchcock. And check out […]
Roughly 45.7% of Romanians believe the country’s May presidential elections were rather unfairly organized, while 50.4% believe they were fair, according to a survey by INSCOP Research. Romania's previous presidential elections, which saw centrist Bucharest mayor Nicusor Dan emerge victorious, saw extreme polarization. Immediately after...
CARFIL Brasov, central Romania, is set to begin production of three types of Romanian military UAVs this year, news agency Agerpres reported. The drones, named Cuda, Sirin, and a marine drone, were unveiled at the Southeast Europe Special Operations Forces Forum 2025 (SEESOF) in Targu Mures, the first international expo-forum dedicated to the special operations forces. ...
The National Meteorological Administration of Romania, or ANM, aims to become a European regional hub for professional training in the field of climate change, according to director general Elena Mateescu. The official noted during “The Future of Agriculture” forum held on Thursday, June 5, that the ANM has already completed the European Agrometeorology Center, which […]
Romania’s Interior Ministry (MAI) and Defense Ministry (MApN) have warned of ongoing disinformation campaigns on social media aimed at manipulating public opinion. The latest wave of false claims includes reports about the imposition of martial law and border closures, seeking to heighten public anxiety over the risk of war. Romanians, whether abroad or within the […]
The International Monetary Fund (IMF) issued new recommendations to Romania, among which is an increase in VAT, but also excise duties, dividend taxes, and the introduction of two income tax rates of 15% and 25%. At the same time, it recommends the reduction or elimination of the health insurance contribution, as well as a change in […]
