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%.
INVOLI, together with Vantage Towers Romania, proudly announces an enhanced strategic partnership aimed at transforming air traffic surveillance throughout Romania regional airports. This initiative marks a significant step in our joint commitment to advancing safety and operational efficiency across all levels of Romanian airspace. Partnership Overview Extended Collaboration: Building on the successful implementation of the […]
Emanuele Nicola Affaticati, a young boy of Romanian origin, will be given the recognition of "Alfiere della Repubblica" (Standard Bearer of the Republic) in Italy for preventing a murder. Emanuele lives in the town of Fiorenzuola D’Arda, in the Piacenza area. In December 2022, he foiled the plan of a man who intended to kill […]
The salaries in the local business services industry have seen a 4% increase in March 2024 compared to September 2023, according to the HR Barometer conducted by the Business Service Leaders Association (ABSL) and PwC Romania. Bucharest leads in salary increase levels at 4.7%, while the region of Banat - Transylvania witnessed an increase of only 2.1%. […]
Romania's Central Electoral Bureau recently published the definitive list of candidacies for the European Parliament elections. According to the BEC decision, 12 political formations and electoral alliances, as well as 4 independents, will participate in the European elections. The candidacies submitted by the Electoral Alliance of Social Democrats and Liberals (PSD-PNL), the United Right Alliance […]
Liberal (PNL) candidate for mayor of Bucharest, Sebastian Burduja, who recently presented his plan for the city, argued that the Romanian capital should strive to become a port on the Danube. The project was first envisioned roughly 170 years ago, in the 1850s, by the Romanian authorities at the time. "It's a project that I […]
Romania will host the third hydrogen bus roadshow this spring as part of the JIVE projects supported and funded by the Clean Hydrogen Partnership, followed by Greece, Bosnia Herzegovina, and Bulgaria. During the first JIVE project CEE roadshow, which ran between November 2022 and January 2023, the bus traveled across Slovenia, Croatia, Czechia, Slovakia, and […]
