• 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%.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
