• 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%.
Bulgaria is in talks with the EU to transfer Covid patients to other member states due to a hospital-bed shortage, with hospitals and morgues in Romania also said to be at breaking point. There were currently more than 20 million people infected in eastern Europe, including Russia and Ukraine, according to a Reuters tally. "We […]
Stéphane Séjourné will helm the European Parliament's third-largest group, leaving MEPs wondering if he will be able to distance himself from the powerful French leader.
The National Museum of Art of Romania (MNAR) on Monday, October 25 will open for visit the Historical Spaces of the Royal Palace, between 10:00 and 18:00, on the 100th anniversary of the birth of King Mihai I.The public will be able to visit the Royal Dining Room, the Stairs of the Voivodes, the Throne […]
Three out of ten Romanians have credit cards, Finzoom concluded, based on a survey conducted online in Romania. In fact, due to the sample that apparently includes only part of those visiting Finzoom.ro website, the conclusion should be taken with a grain of salt since it is not relevant for the entire population of the country. […]
of the biggest banks - but when it comes to insurer country's supremacy in the region is not that robust. There's no Romanian insurer among the biggest seven regional players (not counting bankrupt City Insurance) that come from the tiny markets of Slovenia and Croatia. Automobile Dacia leads for the 7th consecutive year in […]
The rating agency Fitch reconfirmed Friday, October 22, 2021, the sovereign rating related to the government debt of Romania to the BBB- for the long-term debt in foreign currency and the negative outlook. "The agency's decision represents a signal for Romania to continue at a sustained pace the fiscal-budgetary policies, the reform and investment […]