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GDP up by 5% in Q1 yoy

The Gross Domestic Product (GDP) grew by 5% in Q1 this year as compared with the same period last year, and by 1.3% against the previous quarter, the National Institute of Statistics (INS) informs on Wednesday. As seasonally adjusted series, ...

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IMF World Economic Outlook – Romania’s GDP growth revised downwards to 3.1%, higher inflation rate in 2019

The International Monetary Fund (IMF) has revised downwards the estimates regarding Romania’s economic growth to 3.1%, and expects higher inflation rate and current account deficit, according to the latest ‘World Economic Outlook’ report released on Tuesday. In the previous report ...

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Statistics: GDP growth revised upwards to 0.9% in Q4 2018

The National Statistics Institute (INS) has revised to 0.9%, up against 0.7%, the GDP growth, in real terms, in the fourth quarter of 2018. The figures on Monday reveal that the GDP growth for 2018 was of 4.1%, but the ...

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Budget deficit of 0.51% of GDP in the first two months

The general consolidated budget went on deficit in the second month of this year, with the execution in the first two months showing a deficit of RON 5.2 billion (0.51% of GDP), down against the negative balance of RON 5.5 ...

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PSD brags that Romania’s GDP is larger than Portugal’s

The social-democrats wrote on Facebook that Eurostat has officially confirmed that Romania’s GDP is larger than Portugal’s. “Eurostat officially confirms that the GDP of Romania has exceeded the one of Portugal, one year ago it exceeded Greece’s GDP! We are ...

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Eurostat: Regional GDP per capita ranged from 31% to 626% of the EU average in 2017. Two regions in Romania – among the lowest level

In 2017, regional GDP per capita,  expressed  in  terms  of  purchasing  power  standards,  ranged  from 31%  of  the European Union (EU) average in the Bulgarian region of North-West , to 626 % of the average in Inner London-West in the ...

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