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 first exhibition dedicated to the bestiary imaginary in Romanian culture, Vampires and Werewolves, curated by Cristian Vechiu, can be seen at Art Safari from October 31 to November 17, at the Dacia-Romania Palace in Bucharest. The exhibition will feature ancient traditions and customs, full moon nights, fantastic creatures of the darkness, and chilling legends. […]
Romania will switch to winter time this weekend, on the night of October 26 to 27 (Saturday to Sunday), when the clocks will go back one hour. This means that 4:00 AM on Sunday will become 3:00 AM. A recent study revealed, however, that half of Romanians see the time change as unnecessary, and most are […]
The sectors of IT & Technology and Retail stand out as the most attractive for Romanian professionals, while the salary remains the main driver, according to the Most Wanted Employers 2024 study conducted by research agency MKOR. IT & Technology dominates preferences with 18% of options and attracts not only IT professionals but also financial […]
Romania will host UNESCO’s 32nd World Press Freedom Day Conference in May of next year, the government announced. The event is set to take place in Bucharest on May 5-7. “Proud to announce that Romania will host the 32nd edition of the UNESCO Conference dedicated to the World Press Freedom Day in Bucharest, between May 5-7, […]
Romania’s Electromontaj Group announced a new partnership on the European market with the Polish national electricity transmission operator, Polskie Sieci Elektroenergetyczne, for the construction of a new high-voltage line on the territory of Poland. After winning the tender, Electromontaj signed the contract to construct the 400 kV high-voltage overhead line Żydowo Kierzkowo - Pila Krzewina, […]
Cluj-Napoca mayor Emil Boc announced that the Park & Ride facility at the city’s airport will be finalized by the end of the year. Over 800 parking spaces are set to be available, and the investment exceeds EUR 14 million, according to
