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.
The Romanian Ministry of Finance announced the sixth edition of the Fidelis government bond program for 2025, which will run from July 4 to July 11. This edition introduces a key novelty: for the first time, blood donors will be able to purchase bonds not only in local currency RON but also in euro. The […]
At the meeting held Monday, June 30, the Supreme Council of National Defense (CSAT), chaired by president Nicușor Dan, identified tax evasion as a major threat to the country's economic security. Moreover, the session addressed other topics of interest, such as Romania's military participation in international missions, developments in Ukraine, cyber threats, and infrastructure vulnerabilities […]
A new CURS poll published on Sunday, June 29, shows that if local elections were held in Bucharest next Sunday, reformist party USR would obtain 27%, followed by the Social Democratic Party (PSD) with 22%, and far-right party Alliance for the Union of Romanians (AUR) with 18%. The National Liberal Party (PNL) comes in fourth, […]
Last week, the European Public Prosecutor’s Office (EPPO) in Bucharest indicted three individuals for an EUR 100 million fraud in a case involving both EU and national funds. Among those indicted is an Italian citizen, alleged to be the leader of the group, which operated between 2019 and 2024. The suspect was detained on February […]
The number of building permits for residential buildings increased by 0.6% in the first five months of 2025 compared to the same period in 2024, with 14,134 such permits issued, according to data published Monday by the National Institute of Statistics. Increases were recorded in the Western region (+166 permits), Center (+70), North-West (+68), South-East […]
Cluj-Napoca, a major city in Romania’s Transylvania region, is taking a step toward becoming a more animal-friendly city, as a new proposal allowing pets in public institutions has been opened for public debate. Mayor Emil Boc announced the initiative, stating, “A city that is friendly to animals is a better city for people.” The draft […]
