Romania’s economic growth over the first nine months of 2018 was 4.2pct, both in unadjusted terms and seasonally adjusted, compared with the same period of 2017; compared with Q2 2018, Q3 2018 economic growth was 1.9pct higher in real terms, according to data with the National Institute of Statistics (INS) released on Wednesday. Compared with the same quarter of 2017, Q3 2018 GDP rose by 4.3pct in unadjusted terms and 4.1pct when seasonally adjusted. Unadjusted Gross Domestic Product was revised for 2010-2012 to ensure consistency with the accounts of the Public Administration and the Balance of Payments. The review was conducted following the implementation of the new macroeconomic indicators review policy designed to respect the requirements imposed by Regulation 2304/2016 on the modalities, structure, periodicity and assessment indicators of the quality reports on data transmitted pursuant to Regulation (EU) No 549/2013 of the European Parliament and of the European Council. The seasonally adjusted GDP series was also recalculated as a result of the inclusion of Q3 2018 estimates, revised against the version published in the Press Release no. 263 of October 10, 2018. According to INS, as a result of the revision of the unadjusted series by including the Gross Domestic Product estimate for the third quarter of 2018 in the quarterly series, the seasonally adjusted series was recalculated, with volume indices being revised against the second interim version of GDP for the second quarter of 2018 in the press release of October 10, 2018 as follows: the Q1 2018 results compared with Q4 2017 were revised from 100.1pct to 100.3pct and the results of Q2 2018 compared with Q1 2018 were revised from 101.4pct to 101.5pct. INS says the seasonally adjusted series is recalculated quarterly as a result of changes in the models adopted, the number of regressions used, the developments in unadjusted series and the number of observations available.
The post Romania reports economic growth of 4.2pct over the first nine months of 2018 appeared first on Nine O' Clock.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
