Romania's Gross Domestic Product (GDP) grew by 0.9% in Q2 2023, compared to the first three months, and it increased by 1.7% in H1 as unadjusted series and by 2.8% as seasonally adjusted series compared to the same period in 2022, according to provisional data released Thursday by the National Institute of Statistics (INS).Compared to the same quarter of 2022, GDP grew by 1.1% as unadjusted series in Q2 2023 and by 2.7% on a seasonally adjusted basis."The seasonally adjusted series of quarterly Gross Domestic Product did not change significantly, as a result of the revision of the estimates for the second quarter of 2023, compared to the "signal" version published in the press release no. 202 of August 16 2023," the INS states.Gross Domestic Product - seasonally adjusted data - estimated for Q@ 2023 stood at 39.5152 billion RON current prices, up - in real terms - by 0.9% compared to Q1 2023 and by 2.7% compared to Q2 2022, although in nominal terms there was a slight decrease compared to the previous quarter.In terms of GDP use, the increase was mainly due to: household final consumption expenditure, whose volume increased by 3.9%, contributing +2.5% to GDP growth, and gross fixed capital formation, the volume of which increased by 11.2%, contributing +2.5% to GDP growth.Net exports also made a positive contribution to GDP growth (+1.0%), as a result of a 0.3% increase in the volume of exports of goods and services combined with a 1.7% decrease in the volume of imports of goods and services.
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
