Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Statistics authority revises upwards its estimate for Q1...

Statistics authority revises upwards its estimate for Q1 GDP growth to 0.7 pct

July 22, 2024

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.  

Read in full - click here
Romanian Cristian Măcelaru to conduct French National Orchestra during Olympic Games opening ceremony

Romanian Cristian Măcelaru, the artistic director of the "George Enescu" International Competition and Festival, will conduct the Orchestre National de France at the opening ceremony of the Olympic Games in Paris.  "I never thought in my life that I would have this opportunity. It’s a very beautiful thing because it’s an event where we all […]

Only 6.5% of mayors in Romania are women, analysis shows

Only 207 women were elected as mayors in Romania in the June 9 local elections, representing 6.51% of the total 3,179 mayors, according to an analysis by Women for a Better Society, a non-governmental organization advocating for women's rights and gender equality. Moreover, only 3,606 women became local councilors, representing 9.01% of the total 40,022 […]

Romanian Bogdan Mureșanu’s feature debut joins Venice Film Festival competition lineup

Anul Nou Care N-a Fost/The New Year That Never Came, the first fiction feature written and directed by Bogdan Mureşanu, was selected in the Orizzonti competition section of the 2024 Venice International Film Festival. The 81st edition of the event will take place between August 28 and September 7. The New Year That Never Came […]

Flanco Relocates to SkyTower Bucharest, Romania's tallest building

Flanco Retail, one of Romania’s leading retailers of electronic and household appliances, announces the move of its headquarters to SkyTower, the tallest building in the country and a notable sustainable landmark in Bucharest. Starting in July, Flanco occupies the entire 11th floor of SkyTower, spanning over 1,150 square metres. This move represents a strategic step […]

Goldring: We aim to manage assets in excess of 50 million lei by the end of 2024 for the Discretionary account, a service that this year offered a return of over 27%.

The management of Goldring, one of Romania's most active brokers in terms of trading volume on the Bucharest Stock Exchange (BSE), aims to register 200 clients for the new Discretionary account service this year and assets of more than RON 50 million. Goldring launched Discretionary account services in 2023, with the first account opened in […]

Cushman & Wakefield Echinox: Personal development or nutrition workshops and also product tastings are highly appreciated by the employees working in office buildings

Personal development and nutrition workshops, massage sessions and multisensory experiences such as cheese or ice cream tastings organized by office building landlords are highly appreciated by employees. These initiatives aim to create a work environment which encourages a gradual return to offices. The budget allocated for these actions can reach up to €10,000 per year […]