Data with the National Institute of Statistics (INS) suggesting that Romania’s economic growth sped up significantly in Q3 2018, having advanced 1.9pct compared with Q2 2018, indicate that the measures taken by the government are correct, Prime Minister Viorica Dancila said at the beginning of a Gov’t meeting on Thursday. “Data released yesterday by the National Institute of Statistics indicate that the measures taken are right. According to INS, in the third quarter Romania’s economic growth accelerated significantly, by 1.9pct compared with the second quarter of 2018, which puts us in the first place in the EU. The quarterly economic growth in the EU was only 0.3pct overall, which highlight even more the economic development in Romania. Consequently, the actual economic growth in the third quarter of 2018 was up 4.3 percent from the third quarter of 2017. If we take into account the data with INS showing a 9-pct growth in exports in the third quarter and bumper crops, we can conclude that this growth is sustainable and is the result of the measures taken by the government of Romania,” said Dancila. She added that a second positive signal is “annual inflation down to the lowest level this year, at 4.25 percent in October 2018, from 5.03 percent in September 2018”. “There are official data showing that the government was right and the opposition, the analysts or, more seriously, public bodies were wrong, backed by irrefutable arguments,” said Dancila.
The post PM Dancila: Official statistics prove Gov’t measures right, economic growth sustainable appeared first on Nine O' Clock.
Romania is among 19 European Union member states asking the European Commission to allocate funding for the creation of migrant return centres to be located outside the EU, amid a broader tightening of the bloc’s migration policy, Agerpres reported. The request follows decisions taken by...
The minister of economy, Radu Miruţă, announced that the Agency for Monitoring and Evaluation of Public Enterprises' Performance (AMEPIP) fined him, as a natural person, for "wanting a clean and fair management at a state-owned company" - Avioane Craiova. The fine is apparently linked to comments made by minister Miruţă about the management teams appointed […]
The Chamber of Deputies, as a decision-making body, adopted the Law on Combating Antisemitism and Xenophobia on December 17, after the law was first referred to the Constitutional Court and then sent back to Parliament for re-examination by president Nicușor Dan, who indicated ambiguous formulations in the text that would excessively extend its scope, making […]
Greenvolt Group, through Greenvolt Power, a developer of wind, photovoltaic, and battery energy storage projects, announced that it has agreed to the sale of a 253 MW onshore wind project in Ialomița County to Engie Romania, a subsidiary of Engie Group. This agreement follows a series of successful asset-rotation operations announced by Greenvolt in 2025, […]
The Romanian Competition Council has fined Philip Morris Trading, Interbrands Orbico, and Mediaposte Hit Mail with fines totaling RON 135.2 million (EUR 26.6 million) for participating in anti-competitive agreements on the heated tobacco products market. The decision is enforceable. Following an investigation, the competition authority said it found that there were agreements between Philip Morris […]
The government approved on December 17 an emergency ordinance by which the Ministry of Finance allocates almost RON 2.5 billion (nearly EUR 500 million), intended for the payment of arrears of the Ministry of Development (MDLPA) and the continuation of public investments. This comes on top of RON 1.35 billion allocated to the Ministry of […]
