Romania's Gross Domestic Product (GDP) has gone up in 2021 by 17 billion Euro, as opposed to 2019 and reached almost 1.190 billion RON, a historic record, according to the Minister of Entrepreneurship and Tourism, Constantin-Daniel Cadariu."Romania reaches a GDP of almost 1.190 billion RON at the end of 2021, approximately 240 billion Euro. This is a historic record. Despite the biggest crisis of the last decades, Romania's GDP has gone up in 2021 by 17 billion Euro as opposed to 2019 (a boom year of the global economy when we had a GDP of 223 billion Euro). The GDP in 2021 is 21 billion Euro larger than last year (218.9 billion Euro), during the peak of the pandemic caused economic crisis. Furthermore, Romania ends 2021 with an economic growth of approximately 7%. At the beginning of the year, the Citu Government cautiously estimated a growth of 4.3%. Economic growth will be 2.7 percentage points higher than the one estimated when the 2021 budget was being made," Cadariu wrote on Facebook, on Monday.In the fiscal-budgetary strategy for 2021-2023, based on which the budget was built last year, an economic growth of 4.3% was foreseen, as well as a GDP of 1,116.837 billion RON.The National Commission for Strategy and Prognosis (CNSP) estimated, on its medium term forecast for 2021-2025, the autumn variant, a GDP value of 1,190.3 billion RON in 2021, with a 7% increase from the previous year.
The 13th edition of Romanian Design Week will take place in Bucharest between May 16 and 25, 2025, with the theme "Design Tomorrow Today." According to the organizers, starting with the 2025 edition, the festival begins a transformation process, focusing on collaboration, sustainability, and a deeper connection with the city and its residents. The program […]
Kodesage, a Hungarian startup specializing in AI-powered solutions for legacy software modernization, has raised EUR 2.3 million in pre-seed funding led by PortfoLion Capital Partners. Romanian angel investors Marius Istrate and Dan Lupu, former UiPath executives, also participated in the funding round. Kodesage’s AI-powered platform streamlines modernization and accelerates employee onboarding while ensuring compliance and […]
Thousands of Romanians in the United States risk deportation at any moment under Donald Trump’s new immigration policy that targets illegal immigration, according to media reports. Less than 10 days after Donald Trump’s inauguration, over 3,500 illegal immigrants from various countries, mostly from Latin America, have already been deported, and images of them in handcuffs […]
A Memorial Route of the December 1989 Revolution will be set up in Timişoara, the western Romania city where the 1989 started. The route will include nine points marked by ground-level monuments. Where the space allows it, benches will also be added and trees planted, the Timişoara City Hall said. Each monument will feature a […]
Eltra Logis, one of the main players in the niche logistics, transport and storage market, plans to expand its warehouse capacity by another 10,000 sqm, reaching a total of 20,000 sqm in the near future. This expansion will enable the company to meet the growing demand from businesses and strengthen its market position, continuing to […]
A group of Romanian citizens stranded in the North Kivu region of the Democratic Republic of Congo due to military conflict has been successfully evacuated from the country, but not before some of them were filmed being threatened by the advancing rebels. The Romanian citizens were working as private contractors for the Congolese government, training […]
