Romania's economy up in 2014 on industry, IT&C

The Romanian economy grew by 2.9% in real terms in 2014, year-on-year. The country’s Gross Domestic Product (GDP) reached some EUR 152 billion in current prices in 2014. The last three months of 2014 brought a 0.5% quarterly economic increase, according to data from the National Statistics Institute INS. End-2014, the GDP was up 2.6% on gross series, and 2.5% on seasonally adjusted series, compared to 2014. Industry helped the economy go up – the sector rose 0.9% and weighted a quarter in the GDP. Information and communications were also starts of the economy, with a growth of 0.6% and a weight of 6% in the GDP. On the other hand, however, slower financial brokerage and insurance activities, which were down 2.7%, had a negative impact on the economy. Finance Minister: Romania wants to exceed EU’s average GDP per capita Prognosis Commission: Romania’s GDP will grow by 2.8% editor@romania-insider.com