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%.
The agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
