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.
East European Comic Con, the 10th edition, the largest event in Eastern Europe dedicated to film, series, comics, video games enthusiasts, will take place between August 26-28 in the Romexpo complex of Bucharest, informs a press release.Actor Ross Marquand, known for both his role as Aaron in the The Walking Dead series and for […]
Romania is taking part in the Book Fair in Madrid, between the period of May 27 - June 12, in Retiro Park, with its own stand and a program that includes book presentations, recitals, debates, translation workshops and autograph sessions.According to a press release sent by the Romanian Cultural Institute (ICR), Romania's stand will have […]
The Bucharest Chamber of Commerce and Industry (CCIB) signed a Memorandum of Understanding with CCIA Tripoli, in the presence of members of the Libyan delegation and representatives of Romanian companies interested in the respective market, informs a press release sent on Thursday."The event took place on the sidelines of a visit to Romania on May […]
Fifteen locations in Bucharest, Gorj, Giurgiu and the Danube Delta area were searched on May 24 upon the request of the European Public Prosecutor's Office (EPPO), as part of an investigation on supposed frauds with European funds with prejudices of over 3 million euros, a press release of the European institution informs. EPPO suspects three […]
CFA Romania analysts estimate an economic growth of 2.3pct this year, down from previous forecasts, according to a press release of the organization sent on Thursday."Against the background of the risk aversion triggered by Russia's invasion of Ukraine, as well as high inflation, the anticipation component of the CFA Romania's macroeconomic confidence indicator continued to […]
Romania supports the involvement of the United States of America in the joint efforts aimed at consolidating European defence, Romanian Defence Minister Vasile Dincu said on Thursday, at the U.S. Embassy in Bucharest at an event marking Memorial Day."We are in a turning point of history, in a turbulent and unpredictable security context, when a […]