The Gross Domestic Product (GDP) in the first quarter of this year as against the previous quarter remained unchanged, while compared to the same quarter of 2024 it advanced 0.3%, according to provisional data (1) the National Institute of Statistics (INS) released on Friday.The Gross Domestic Product - seasonally adjusted data - estimated for Q1 2025 amounted to 447.669 billion lei current prices in nominal terms, and in real terms, up by 0,6% compared to the first quarter of 2024, and remained unchanged compared to the previous quarter.The Gross Domestic Product - unadjusted series - estimated for Q1 2025 amounted to 365.361 billion lei current prices, increasing - in real terms - by 0.3% as against Q1 2024.The following industries contributed to the GDP increase in Q1 2025 as against Q1 2024: construction (+0.4%), with a share of 4.7% in GDP, whose activity volume increased by 9.8%; Information and communication (+0.1%), with a share of 8.6% in GDP, whose activity volume increased by 1.1%; real estate activities (+0.1%), with a share in GDP of 7.9%, which recorded an increase in activity volume by 0.8%; public administration and defence; social insurance of public sector; education; health and social assistance (+0.1%), with a share of 15.4% in GDP, whose activity volume increased by 0.3%; net taxes on products (+0.3%), with a share in GDP of 8.4%, which recorded an increase in their volume by 3.5%.A negative contribution was recorded for industry (-0.5%), with a share in GDP of 16.3%, which recorded a decrease in activity volume by -3.0%.In terms of uses, significant positive contributions had: final consumption expenditure of households, whose volume increased by 1.9% contributing by +1.3% to the GDP growth rate; Individual final consumption expenditure of General government whose volume increased by 5.8% contributing by +0.5% to the GDP growth rate; collective final consumption expenditure of General government whose volume increased by 6.3% contributing by +0.7% to the GDP growth rate; gross fixed capital formation whose volume increased by 4.3% contributing by +0.9% tothe GDP growth rate.The INS mentions that seasonally adjusted series of quarterly Gross Domestic Product did not change, the revision of the estimates for Q1 2025 as compared to the "flash" estimates published by Press release no. 118 of May 15, 2025 no major differences being recorded.
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 […]
