- As against the same quarter of 2020, the Gross Domestic Product recorded an increase by 7.2% for the unadjusted series and by 8.0% for the seasonally adjusted series; - In the period 1.I-30.IX 2021, as against the same period of the previous year, the Gross Domestic product increased by 7.1% for the unadjusted series and by 6.8% for the seasonally adjusted series; - The seasonally adjusted series of quarterly Gross Domestic Product was readjusted as a result of the introduction of the estimates for Q3 2021, differences being recorded as compared to the version published in the Press release no. 261 of October 11, 2021. The growth of the Romanian economy has slowed to 0.3 pct in Q3 over the previous quarter, while compared to the same period of last year the growth of the GDP stood at 7.2 pct as gross series and 8 pct as adjusted series, according to data of the National Institute for Statistics (INS) sent on Tuesday .In the first nine months of this year, the GDP increased by 7.1 pct as gross series and 6.8 pct as seasonally adjusted series, as compared to the same interval of the previous year.On the other hand, INS mentions that, following the revision of the gross series by including the estimate of the Gross Domestic Product for Q3 2021 in the quarterly series, the seasonally adjusted series was recalculated, differences being recorded for the volume indicators compared to the second provisional variant of the GDP for Q2 2021, published in the press release of October 11, 2021.Thus, the figures regarding GDP growth in Q1 2021, compared to the previous quarter, were revised downward to 2.2 pct, from 2.6 pct, while those of Q2 2021, compared to the previous quarter, were revised downward to 1.5 pct from 1.9 pct.The European Commission recently revised to 7 pct the estimates regarding the economic growth of Romania this year, after estimating a 7.4 pct increase in July.
Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.). With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]
The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]
The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan. The series premieres on Sunday, June 22, […]
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox. A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]
The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
