The estimated Gross Domestic Product (GDP) for 2021, semi-final data, was 1,187.402 billion lei current prices, increasing, in real terms, by 5.8pct compared to 2020, according to the National Institute of Statistics (INS).Compared to the provisional version, in the semi-final version, the estimated nominal GDP for 2021 increased by 0.5pct.The INS mentions that, in 2021, more important changes in the contribution to the GDP growth, between the two estimates, were recorded in: industry, from +1pct to +1.3pct, as a result of the change in the volume of activity by +1, 6 percentage points (from 105pct to 106.6pct); real estate transactions, from +0.2pct to +0.8pct, as a result of the change in the volume of activity by +8.2 percentage points (from 102.5pct to 110.7pct).By categories of uses, in 2021, more important changes in the contribution to the GDP growth, between the two estimates, were recorded in: the actual individual consumption of households from +4.1pct to +5.3pct, as a result of the change in its volume by +1.5 percentage points (from 106pct to 107.5pct); the expenditure for individual final consumption of public administrations from -0.7 to +0.2pct, as a result of the change in its volume by +11.4 percentage points (91.7pct to 103.1pct).
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
