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.
West Side Christmas Market, the winter fair created by Untold Universe in partnership with Bucharest’s District 6 City Hall, will reopen on November 28 with an expanded program of concerts and holiday entertainment in Drumul Taberei Park. The fair, which runs until December 27, promises a larger, more immersive experience this year. The official opening […]
Swisspod, a Swiss-American company founded in 2019 by Romanian Denis Tudor and Cyril Dénéréaz, announced that it set a new speed record in hyperloop transportation during a live demonstration in Pueblo, Colorado, last week. Its full-scale test system reached 65 mph (102 kph), the highest speed achieved to date by any active hyperloop developer worldwide. […]
JW Marriott Bucharest Grand Hotel marks a milestone that goes far beyond an anniversary this year. It celebrates 25 years of stories — of people, vision, and the unwavering belief that hospitality has the power to shape a city’s spirit. “Marking 25 years is, first and foremost, a statement of trust. Guests have chosen JW […]
Three-quarters of Romanian citizens believe that the national healthcare system offers poor services, and 70% think that it is overstretched, according to the seventh edition of the Ipsos global report on health services, carried out in 30 countries, including Romania. The study analyzes the population’s perceptions of healthcare systems, major issues in the field, and […]
An 11-story building is currently being built next to the graves in Bucharest’s famous Bellu Cemetery, and the project, authorized by the District 4 City Hall in 2023, has sparked controversy in the context of local elections for general mayor. District 4 City Hall, led by Daniel Băluță, currently a candidate for the position of general […]
Romania is preparing to select its first-ever national team for the Bocuse d’Or, marking the country’s official debut in the prestigious culinary competition. The Bocuse d’Or Romania National Selection will take place on November 27 in Brașov, where five teams will compete over six hours for a single place in the 2026 Bocuse d’Or Europe […]
