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01. 09. 10. - 13:00

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01. 09. 10. - 13:00

Romania´s GDP up by 0.3 per cent in Q2

Romanian Times

Romania's gross domestic product (GDP) increased by 0.3 per cent in the second quarter, compared to the first quarter this year, the National Institute for Statistics (INS) announced today (Weds).

GDP in the second quarter dropped by 0.5 per cent compared to the similar period last year.

Compared to last year, GDP in the first six months dropped by 2.4 per cent, the INS report, based on seasonal adjusted data, shows.

INS said the estimated GDP for the first semester of this year was 50.33 billion Euros (211.41 billion lei), at current prices.

Industry sector activity increased by 5.9 per cent, being the largest increase of all sectors, INS said. In agriculture, activity increased by 0.7 per cent, while in financial and real estate activities, there was an increase of 0.8 per cent.

Contractions of minus 8.3 per cent were registered in commerce and constructions, and also minus 4.2 per cent drops were registered in hospitality industry and telecommunications and a 2.7 per cent in other services.

Health minister considers taxing fast food and beer
The new Health Minister Vasile Cepoi said today (Thurs) that the next Health Care Law might include a new tax on fast food and beer, local press informs.

Romania wont ratify ACTA
Romania will not ratify the highly controversial (Anti-Counterfeiting Trade Agreement)ACTA until the agreement won't be altered as to comply with demands recently formulated by the European Court of Justice, the minister of Communication Dan Nica told a press conference today (Thurs).

Romania wont ratify ACTA
Romania will not ratify the highly controversial (Anti-Counterfeiting Trade Agreement)ACTA until the agreement won't be altered as to comply with demands recently formulated by the European Court of Justice, the minister of Communication Dan Nica told a press conference today (Thurs).

Government to introduce ‘Robin Hood’ tax on oil companies
Minister of Economy Daniel Chitoiu announced today (Weds) that the government is working on a piece of legislation on introducing a supplementary tax on the exceptional incomes of the oil companies that should be passed by the year end and implemented as of 2013.

Education Minister stepps down amid plagiarism accusations
Ioan Mang, the education minister appointed only two weeks ago together with the new cabinet of Social Liberal Union (USL) leader Victor Ponta, resigned Tuesday (yesterday) night.

Brancusi’s son doesn’t want his father remains to be moved to Romania
John Moore, the only child of sculpture Constantin Brancusi, reacted to Romania’s intention to repatriate the remains of his father, saying his last will was to be buried in Paris at Montparnasse, Libertatea newspaper informs today (Weds).

Romania back in recession, growth to resume in H2
Romania officially entered recession today, following the figures published by the National Statistics Institute (NSI) that show a decrease of the GDP for two consecutive quarters (Q).

Police head sacked over underground boss runaway row
The head of the Romanian Police Liviu Popa (picture) was sacked today (Tues) by Home Affairs Minister Ioan Rus, the ministry informs.

UK Ambassador Harris says new Cabinet took right decisions so far
The UK Ambassaodr in Romania, Martin Harris says Victor Ponta’s new government got off on the right foot by making clear that its economic policy will continue to be framed within the programme agreed between Romania and the EU, World Bank, and IMF.

Carmen Sylvas x-rayed hand to be auctioned
A x-ray of the left hand of Romanian Queen Elisabeta will be auctioned in Bucharest by Artmark auction house, Libertatea newspaper informs today (Tue).