Romania’s economy posted a surprising 6.5% growth rate in the first quarter, but economists predict a significant slowdown for the rest of the year, euractiv.com reads. Romania’s GDP grew 6.5% in the first quarter of 2022 compared with the same period of 2021, the statistics institute said in a flash estimate Tuesday (17 May). Against the previous quarter, the GDP growth was 5.2%, coming after a considerably lower advance in the fourth quarter of 2021. The statistics institute revised previous data so that a small contraction of 0.1% in the last quarter of 2021 compared with the previous three-month period became a growth of 1%. The data is still preliminary, and more detailed figures on the first-quarter GDP will be released in June. Romania’s government initially estimated economic growth above 4% for the full year, but its forecast has since been reduced to less than 3%. The European Commission has recently said Romania’s economy would grow by 2.6% in 2022, down from 5.9% in 2021, as high inflation will reduce purchasing power and private consumption, while economic sentiment is affected by the war in Ukraine.
EUROPAfest 2025 will bring a special jazz experience to Bucharest this summer, transforming the Royal Palace into a stage for international artists between July 4 and 13. The festival opens with a series of concerts that highlight jazz traditions from around the world, with a particular focus on artists from Japan and Norway. The Opening […]
Passenger car registrations in Romania recorded the sharpest year-on-year decline in Europe in May, according to data published Wednesday, June 25, by the European Automobile Manufacturers Association, or ACEA, which represents the 16 major car manufacturers in Europe. Regionally, however, the situation is different, as the auto market in Europe returned...
Maidan, a company active in event catering, industrial catering and the development of its own gastronomic products, ended the year 2024 with a turnover of EUR 3.2 million, up 30% compared to the previous year. This evolution comes in the context of an unstable economic environment, but also of significant internal transformations. Investments for the […]
Danish renewable energy developer Eurowind Energy has announced a EUR 174.8 million investment to develop its largest solar park in Romania, located in Vișina, Dâmbovița county. The new solar facility will have an installed capacity of 220 MW, making it one of the largest solar projects in the country. The facility is expected to generate around […]
Wizz Air has announced an increase in flight frequencies on 14 popular European routes from Bucharest Henri Coandă International Airport starting in July. The additional flights will serve destinations including Malaga, Alghero, Billund, Bari, Basel, Memmingen, Heraklion, Larnaca, Lyon, Madrid, Malta, Milan Malpensa, Nice, and Nuremberg. Fares start from RON 79, available through the airline’s […]
The Universal Day of the Romanian Blouse is set to be celebrated this year also on July 12, as part of the Romanian Weekend at The Wharf, the most significant Romanian cultural diplomacy event in the United States. The event will take place at District Pier, 101 District Square SW, Washington, DC. The Universal Day […]
