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%.
Radisson Blu Hotel, Bucharest, Romania’s largest five-star hospitality complex and a flagship property within the Radisson Hotels portfolio, has been recognized with multiple international and national awards, underscoring its continued commitment to excellence, innovation, and guest satisfaction. At the 32nd Annual World Travel Awards – Europe Gala Ceremony, held in Sardinia, Italy, Radisson Blu Hotel, […]
The public is invited to discover a spectacular festive concept inspired by the charm of the Victorian era Corinthia Grand Hotel du Boulevard will officially start the winter holiday season, lighting up Bucharest’s first Christmas decorations on 24 November at 7:00 PM, symbolically marking the opening scene of the city’s festive celebrations. The hotel transforms into […]
The office building of the former tire manufacturer Banloc-Goodrich in central Bucharest will be demolished for the construction of the Holocaust Museum, Profit.ro reported. The investment, valued at EUR 54.2 million, is partly covered by the EU-backed Recovery and Resilience...
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of 236.3 million euros in the first nine months of 2025, up 13% year-on-year (YoY), and a gross profit of 84.8 million euros, up 20% YoY, while the net profit stood at 70.3 million euros, up […]
Famed Romanian composer Horia Moculescu died on Wednesday, November 12, at the age of 88. The composer, pianist, and performer was born on March 18, 1937, in Râmnicu-Vâlcea. At the age of six, he learned to play the accordion. He attended secondary school in Turda at the Boys’ High School (now the “Mihai Viteazul” National […]
Romanians shift priorities: Health, Culture, and Hobbies take the lead, while Fashion and Home&Deco lose ground to low-cost non-EU commerce Black Friday 2025 marks a turning point for Romanian eCommerce. After two years of stagnation, the day recorded a +10% increase in the number of transactions, while the overall campaign week saw a +20% rise […]
