Romania's Gross Domestic Product (GDP) grew by 5.7% in 2021 in real terms, y-o-y, according to the final data published on Thursday by the National Institute of Statistics (INS).The GDP estimated for 2021, final data, amounted to RON 1,189.089 billion current prices, increasing in real terms by +5.7% as against 2020.In 2021, most significant changes in the contribution to GDP growth between the two estimates were reported for: agriculture, forestry and fishery, from +0.2% to +0.6%, on an increase in activity volume by +7.8 percentage points (from 105.9% to 113.7%); construction, from -0.5% to +0.1%, on an increase in activity volume by +9.6 percentage points (from 91.9% to 101.5%); wholesale and retail; repair of motor vehicles and motorcycles; transportation and storage; hotels and restaurants, from +1.8% to +2.6%, on an increase in activity volume by +4.1 percentage points (from 109.9% to 114.0%); information and communications, from +0.3% to +0.7%, on an increase in activity volume by +5.9 percentage points (from 105.4% to 111.3%); professional, scientific and technical activities; administrative and support Services from +0.1% to +0.2%, on an increase in activity volume by +1.8 percentage points (from 101.6% to 103.4%)In 2021, the most important changes in the contribution to GDP growth between the two estimates were reported in individual final consumption expenditure of general government, from +0.2% to +0.3%, on a rising volume by +0.9 percentage points (from 103.1% to 104.0%); gross fixed capital formation, from +0.4% to +0.7%, on a rising volume by +1.0 percentage points (from 101.9% to 102.9%); change in inventories, from +1.7% to +1.8%; net exports of goods and services, from -1.6% to -1.4%.
President Klaus Iohannis is to hold consultations with the parliamentary parties on nominating a candidate for the prime minister job on Sunday, December 22, the Presidential Administration announced. The president, whose mandate has been extended after the
Step into 2025 with music, excitement, and unforgettable performances! New Year’s Eve at JW Marriott Bucharest Grand Hotel is not just a celebration – it’s a grand spectacle where world-class entertainment, live music, and vibrant energy come together for a night to remember. This year, we’ve curated a sensational lineup of artists and performers to […]
The Bucharest Police recently announced that the city will host several commemorative ceremonies marking 35 years since the Romanian Revolution of December 1989, causing traffic restrictions around the city. The restrictions will be in place from Friday to Sunday, December 20-22, 2024. On Friday, December 20, at around 10:00 AM, a religious/military ceremony with wreath-laying […]
Alex Florența, the General Prosecutor of Romania, said on Friday, December 20, that harsher punishments are needed to combat incitement to violence and Legionnaire propaganda (related to Mișcarea Legionară, a Romanian interwar fascist movement) in public spaces effectively. To that end, the office of the General Prosecutor will propose new measures to combat such phenomena. However, […]
Dennis Lloyd, Inna, Damian & Brothers, and Killa Fonic are among the artists who will perform at Flight Festival 2025. The festival is scheduled to take place between June 20 and June 22 at Timișoara’s Banat Village Museum. For three days, the venue “will open its doors for an experience that combines music, nature, and […]
Around 67% of Romanians believe that the economic situation will worsen, 7% higher than the previous year, according to the EY Consumer Index Romania 2024. Findings suggest a challenging start of 2025 both economically and politically in Romania. Additionally, in 2024, more than half of respondents (59%) were extremely concerned about conflicts and external wars. […]
