The Gross Domestic Product (GDP) stagnated in the first quarter of this year compared to the previous quarter, and compared to the same quarter of 2024, GDP recorded an increase of 0.2%, according to data the National Institute of Statistics (INS) published on Thursday.According to INS, based on seasonally adjusted data, GDP did not change in Q1 2025 compared to the previous quarter, and compared to the same quarter in 2024, the economy grew by 0.5%."The seasonally adjusted series was recalculated by including the GDP estimate for Q1 2025, and volume indices were revised compared to the second provisional version of the GDP for Q4 2024, published in Press Release No. 88 on April 10, 2025. As follows: Q1 2024 compared to Q4 2023 was revised from 99.6% to 99.9%; Q2 2024 compared to Q1 2024 was revised from 100.4% to 100.3%; Q3 2024 compared to Q2 2024 was revised from 99.9% to 99.8%; Q4 2024 compared to Q3 2024 was revised from 100.6% to 100.5%; Seasonally adjusted series are recalculated quarterly in accordance with European practice," the INS mentions.The budget for the current year is built based on an estimated economic growth of 2.5%.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
