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).
The Ministry of Education announced a reform of the scholarships paid to pupils, while the Ruling Programme, as published by the Government, envisages a 40% reduction in the per-student budget for scholarships. Both measures prompted protests since they were among the first announced out of a broader set of measures aimed at achieving significant fiscal […]
The bonuses paid to employees in both local and central public administration for harmful working conditions will be cut from 15% of the gross wage (but no more than RON 1,500 / EUR 300 per month) to a lump sum of RON 300 (EUR 60) per month under a draft emergency ordinance published by the […]
Bucharest’s District 2 has launched a pilot project that makes it the first community in Romania to host a fully autonomous, solar-powered EV ARC charging station. Installed in the parking lot in front of the District 2 City Hall on June 26, the station operates entirely off-grid, using only solar energy to power electric vehicles, […]
Romania started strong at the European Aquatics U23 Swimming Championships in Samorin, Slovakia, claiming two gold medals on the first day of competition. Swimming star David Popovici took gold in the men’s 200m freestyle with a time of 1:43.64, while Denis Popescu claimed the top podium spot in the 100m butterfly, finishing in 51.48 seconds. […]
Talent Connect Inc. is proud to announce that it has been officially designated by the U.S. Department of State as a sponsor for the J-1 Visa Intern and Trainee Programs. This prestigious designation empowers Talent Connect Inc. to facilitate structured and guided training programs in the United States for eligible international university students, recent graduates, […]
Romanian president Nicușor Dan is present Thursday and Friday, June 26-27, in Brussels, at the first European Council since he took office as president. EU leaders at the event are set to discuss a range of topics, such as the situation of the war in Ukraine, the crisis in the Middle East, security and defense […]
