20.4 C
Bucharest
April 12, 2021
ECONOMY FINANCE&BANKING

PM Ponta: 3.7pct economic growth in H1 isn’t bad, Romania is ranked 2nd in EU

Prime Minister Victor Ponta believes that a 3.7 per cent economic growth Romania registered in the first six months of 2015, according to the Eurostat data, isn’t bad, as it places our country on the second position in the European Union, after the Czech Republic.

“3.7 per cent economic growth in the first semester of 2015 (the second place after the Czech Republic and slightly ahead of Poland) I say isn’t bad! (even if Mrs Alina Gorghiu asks for my resignation, because she would have recorded at least 10 per cent),” the Prime Minister wrote on Facebook, referring to the Eurostat data.

 

Eurostat: Romania’s Q2 economic growth among EU largest

 

The Czech Republic, Romania and Poland have recorded the biggest economic growths among the European Union countries in the second quarter of 2015, as compared to the similar period of 2014, the EU Statistical Office (Eurostat) announced on Friday.

In April through June, 2015 the gross domestic product (GDP) has increased by 1.6pct in the EU and by 1.2pct in the eurozone, against the 2nd quarter of 2014.

The Czech Republic recorded the most significant year-on-year rise (4.4pct), followed by Romania (3.7pct) and Poland (3.6pct), the only drop being reported by Finland (minus 1pct). Denmark, Ireland, Croatia, Luxemburg, Malta and Slovenia have not sent relevant data on their economy yet.

On a Q1 basis, Romania’s Q2 growth was 0.1pct; the EU average was 0.4pct, and the Eurozone average 0.3pct, against analysts’ forecasts of 0.4pct for the Eurozone quarterly rate and 1.3pct annual rate. The largest Q2 growths were seen in Latvia (1.2pct), Spain and Sweden (both 1pct), the Czech Republic and Poland (both 0.9pct), with the only decrease recorded in Finland (minus 0.4pct). Denmark, Ireland, Croatia, Luxemburg, Malta and Slovenia did not send relevant data.

 

Romania’s July annual inflation among EU lowest

 

The annual inflation rate flatlined at 0.1 percent in July in the European Union and at 0.2pct in the Eurozone, according to data released on Friday by the EU Statistical Office (Eurostat).

Higher inflation rates were seen in Malta (1.2pct), Austria (1.1pct) and Belgium (0.9pct). Inflation was lower in seven countries, with the largest decreases in Cyprus (minus 2.4pct), Romania (minus 1.4pct) and Greece (minus 1.3pct).

On a June basis, the inflation declined in 15 EU member states (including Romania), advanced in eight, and was constant in four, Agerpres informs.

Related posts

Deputy Prime Minister Ana Birchall attended the inauguration of the construction site for Ungheni-Chisinau gas pipeline : Romanian Gov’t backs irreversible connection of Moldova to European space, EU values

NINE O'CLOCK

Recycle International invests in digitalization and “hires” Tailent intelligent software robots

NINE O'CLOCK

Banks anticipate they will tighten mortgage lending in Q1 2016

Nine O' Clock