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Tag Archives: GDP

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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EC Country report: Romania – increased risk in financial sector, criticism of amendments to the laws of justice

The European Commission criticizes the amendments brought to the laws of justice, arguing that they have undermined the independence of judges and prosecutors. The decisions made lately in the economic sector are also criticized in the Country Report on Romania ...

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The share of the private sector in the GDP is almost 80%, BVB chief says

The share of the private sector in the Gross Domestic Product (GDP) is almost 80%, Lucian Anghel, President of the Bucharest Stock Exchange (BVB) said on Monday, on the occasion of launching the third edition of the ‘Made in Romania’ ...

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PSD’s Dragnea claims Romania’s GDP is up by 25pc as against 2016. PNL chair Orban: Fictional economic growth

Chairman of ruling Social Democrat Party (PSD), Liviu Dragnea has posted on Facebook Sunday that Romania’s Gross Domestic Product (GDP) has climbed to RON 949.6 billion in 2018, RON 188.2 bln more than in 2016, which means a 25 per ...

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4.2% economic growth in nine months of 2018

The Gross Domestic Product (GDP) grew by 4.1% as seasonally adjusted series and by 4.3% as gross series in the third quarter this year, against the similar period in 2017, according to the signal figures released on Wednesday by the ...

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EC revises downwards Romania’s economic growth forecast to 3.6%. Fin Min Teodorovici disagrees. Budget rectification – this month

The European Commission has revised downwards the forecast regarding Romania’s economic growth in 2018, from 4.5% to 3.6%. For 2019, the EC expects 3.8% GDP growth, against the 3.9% growth announced in spring. For 2020 the Commission points to a ...

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9-month budget deficit – 2.2 times larger than last year

The execution of the consolidated state budget in the first nine months of 2018 reveals a deficit or RON 16.8 billion, i.e. 1.77% of the GDP, the Finance Ministry informs on Tuesday. In the same period last year the deficit ...

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GDP growth in real terms in 2016 was of 4.8pc

The Gross Domestic Product estimated for 2016, final figures, was of RON 765,135 billion in current prices, up in real terms by 4.8% against 2015, according to a press release from the National Statistics Institute (INS). As compared to the ...

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