The National Institute of Statistics (INS) revised upwards its estimate for Romania's Q1 2024 economic growth from 0.4 percent to 0.7 percent; year over year, the GDP was 0.5 percent up in unadjusted terms and 2.2 up seasonally adjusted, shows the second version of the provisional data set released by INS on Monday.According to the statistics authority, the seasonally adjusted GDP estimate for Q1 2024 was RON 424.634 billion in current prices, 0.7 percent up in real terms compared to Q4 2023, and 2.2 percent higher year-over-year.In unadjusted terms, the estimated GDP for Q1 2024 was RON 348.870 billion in current prices, 0.5 percent higher in real terms compared to Q1 2023.Compared to the first provisional data set, the GDP growth rate increased 0.4 percentage points, and the gross value added growth is +0.5 percent up.INS specifies that the volume of net of tax per product is 0.2 percentage points higher in the second provisional data set compared to the previous estimate, from 106 to 106.2 percent.This year's budget is built for an economic growth of 3.4 percent.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
