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 stated on Monday, November 10, that Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. “Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. Why? First of all, because it has a […]
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The Romanian Justice Ministry advanced a legislative initiative according to which femicide could be punished with life imprisonment. The proposal comes after numerous women were killed this year by former partners, despite protection orders. The debate about femicide in Romania was brought back to the fore after another tragedy took place on Saturday, November 9, […]
Cultural center Apollo111, located in downtown Bucharest’s Universul Palace, has announced the program of arthouse films Apollo111 Cinema. The performance venue of Apollo 111 has been refurbished and endowed for professional film screenings. It will run a weekly program of contemporary and classic auteur films, meetings with filmmakers, and an experimental area, meant to “explore […]
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