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.
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
