The Gross Domestic Product estimated for 2022 amounted to 1409783.9 million lei current prices, increasing – in real terms – by 4.7% as against 2021, according to the latest estimates by the National Institute of Statistics (INS).The Gross…

Gross domestic product in Q4 2022 was, in real terms, by 1.1%1 lower, as compared to Q3 2022. As against the same quarter of 2021, the Gross Domestic Product recorded an increase by 4.6% for unadjusted series and by 5.0% for seasonally…

Both the evolution of inflation controlled by the National Bank of Romania - BNR (adjusted CORE 2) and the "consistent" revision of the INS on the GDP evolution in the third quarter upset the expectations of the 9 members of the BNR board,…

Romanian Prime Minister Nicolae Ciucă announced on Thursday at the end of his visit to Brussels that he agreed with Ursula von der Leyen, the president of the European Commission, that it is possible to replace the limit of 9.4% of GDP for…

Romania could expand its GDP by 10% by 2050 –generating an additional contribution of €575 billion - by increasing savings, according to a McKinsey&Company analysis. This analysis was realized in the context in which a significant part…

Gross Domestic Product recorded an increase by 5.3% in Q2 2022 as against the same quarter of 2021, for both the unadjusted series and for the seasonally adjusted series, the National Institute of Statistics (INS) informed on Wednesday.…

Romania reported a budget deficit of 1.71% of GDP in the first half of the year, being lower by 1.15 percentage points compared to the similar period in 2021, according to data from the Ministry of Finance. In terms of value, it amounts to…

During 1990-2020,  the Romanian banking sector’s economic impact is estimated to stand at 2,247 billion lei, according to the survey ″The contribution of the banking sector to the  economy in the last 30 years″, drawn up by KPMG Advisory,…

Overcoming the challenges will require a supply chain reinvention as a new economic order takes shape. Supply chain challenges arising from the COVID-19 pandemic and Russia’s invasion of Ukraine could result in a potential €920 billion…

Romania's Supreme Council for National Defence (CSAT) is convening in a new meeting today at the Cotroceni Presidential Palace, with President Klaus Iohannis chairing it. According to the Presidential Administration, the latest…