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.
Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]
IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million. The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the […]
Romania’s current transport minister, the Social Democrat Ciprian Șerban, offered bribes to representatives of a forest district in Iași County as a young businessman in 2012, according to recently surfaced documents and recordings. Șerban gave bribes at least six times before reporting the offense to the National Anticorruption Directorate. He did so only after being […]
David Popovici has won the gold medal in the 100-meter freestyle final at the World Championships in Singapore. It is his second win at the event, after the gold medal in the 200-meter freestyle race two days ago. The Romanian swimmer finished the race with a time of 46.51 seconds, ahead of Jack Alexy, who […]
PPF Real Estate, a global developer and investor with a real estate portfolio exceeding EUR 2 billion, announces the completion of infrastructure works for ARC, its new state-of-the-art office project in the Basarab area. The construction progresses on schedule. Reaching ground level marks, a key milestone in the development timeline. The project is moving forward […]
BRD Groupe Societe Generale, the fifth largest bank in Romania by assets, registered a net profit of RON 764 million (EUR 150 million), up 10% compared to the same period in 2024. The net loan portfolio, including leasing financing, increased by 17.4% during the mentioned period, marking a significant growth in corporate lending by 23.8% […]
