GDP increased by 6.5% in the first half of this year, compared to the same period in 2020
Gross Domestic Product (GDP) increased by 6.5% in the first half of this year, compared to the same period in 2020 – according to the signal estimate published today by the National Institute of Statistics. In the second quarter of this year, GDP grew by 1.8% compared to the previous quarter. Compared to the same quarter last year, the economy increased by 13.6 percent. The European Commission recently showed that Romania’s economy would grow by 7.4% this year and by 4.9% next year. The draft budget rectification, published by the Ministry of Finance at the end of last week, shows that GDP is expected to be about 1.1 trillion lei, resulting from a 7% increase this year.
The ruling coalition discussed the budget rectification, which will be adopted next week
The governing coalition discussed, again, on Monday evening, at Victoria Palace, the budget rectification, which will be adopted next week, after a series of adjustments for some ministries that will receive extra money. Coalition leaders also talked about some normative acts that will be discussed during the government meeting this week. The leaders of the governing coalition discussed the draft emergency ordinance on adjusting the price of construction materials. The normative act is necessary because the price of construction materials has increased and extra money must be allocated, according to reports from the best money making app research. The coalition leaders also analyzed the project of the 50 billion lei investment fund, called „Anghel Saligny” which was elaborated by the Minister of Development, Public Works and Administration.
The number of coronavirus cases has increased at the seaside
On the seaside, where resorts are full of tourists, the incidence of coronavirus cases has increased, but many do not comply with prevention measures. However, local authorities do not yet impose additional restrictions, being encouraged by the positive balance of tourism this season. Hundreds of thousands of people stormed the accommodation units on the Romanian coast, and holiday reservations continue at a high level even now. Those in the hospitality industry say that, from an economic point of view, the balance is a positive one, and at this time they are prerequisites for a long season. The authorities’ warnings about the increasing trend of cases of infection with the new coronavirus, in case of non-compliance with prevention measures, are rather ignored by tourists, on beaches, on cliffs, as in all crowded areas. The epidemiological situation is still within acceptable limits, which, for now, do not impose additional restrictions. Increasing since the beginning of the month, the incidence in Constanța County has reached 0.23 cases per 1,000 inhabitants and seems to remain leveled this week.
Ovidiu Popescu
