about us | newsletter | contact | archive | members area
Nicolae Ghibu, Certsign
Regulations will come gradually and will cover all areas»

Eurostat: Romania to register the highest GDP growth in the EU in Q3

In early November, Romania recorded the highest GDP growth in the European Union (EU) in the third quarter of this year, of 1.9 per cent, in comparison with the previous quarter, ranking second after Poland, according to Eurostat as quoted by Mediafax

2014-12-01 12:30:20 - From the Print Edition

The National Institute of Statistics of Romania reviewed the previously published data about the Romanian economy, so that Romania has avoided entering into technical recession as the GDP in the first quarter rose by 0.5 per cent, compared with a decrease of 0.1 per cent announced in the last review, while the decrease in the second quarter was only of 0.3 per cent.
The data published by Eurostat in August indicated that Romania′s GDP declined by one per cent in the second quarter and 0.2 per cent in the first quarter, which meant entering into technical recession. In the ranking of the highest increases in the third quarter compared to the second quarter, Romania is followed by Poland with 0.9 per cent, Greece with 0.7 per cent, United Kingdom (UK) with 0.7 per cent and Slovakia with 0.6 per cent. Compared with the third quarter of 2013, Romania′s economy recorded the second biggest advance in the EU, at 3.3 per cent, after Poland with 3.4 per cent. Behind Romania is the UK with an increase of 3 per cent, Hungary with 3.1 per cent and Lithuania with 2.6 per cent. Germany, the largest economy in the EU grew by 0.1 per cent of GDP in the third quarter versus the previous quarter and 1.2 per cent over the third quarter of 2013.EU economy has advanced in the third quarter by 0.3 per cent compared to the period from April to June and by 1.3 per cent compared to the third quarter of 2013.

There are 0 comments:

Validation Code

0 Comments  |  9905 Views
Daily Info
Smart city is not a fad, it's a necessity

In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo...

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"

"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u...

Telekom Romania, a strong supporter of Smart City development in Romania

Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society...

In the industrial era, the fight was for finite material resources. Not anymore

Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e...

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"

Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p...




More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.


Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte

Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace a...


ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.


The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...


Revolut gets European banking license

Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has fi...


EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

Dacia receives 115.8 million RON in state aid from the Finance Ministry

The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.