Statistics: Romania's economy registers 0.3-percent growth in Q1

As compared to Q2, 2009, the GDP dropped by 0.5 percent in Q2 this year, down to 114.707 billion lei current prices. (1 euro=4.259 lei) According to the INS data, the estimated GDP for Q1, 2010 was 211.41 billion lei at current prices, marking a drop - in real terms by 1.5 percent compared to Q1, 2009.

In gross series, Romania's GDP registered a 1.5 percent decline in Q1, 2010 from the similar period of time in 2009, the estimated value for Q2, 2010, being of 124.550 billion lei at current prices, marking a rise - in real terms - by 0.3 percent as compared to Q1 this year (seasonally adjusted series).

The industry was the branch that registered the highest growth in the volume of activities, of 5.9 percent (32.982 billion lei). Slight increases in the activity volume were also recorded in agriculture, hunting and forestry, fisheries and fish farming of plus 0.7 percent (4.717 billion lei) and in the financial, real estate, renting and enterprises services activities (plus 0.8 percent, 18.108 billion lei).

Decreases in the volume of activities were registered in constructions (minus 8.3 percent, that is minus 9.128 billion lei), in the activities related to trade, motor vehicles' and household appliances' repairing; hotels and restaurants; transport and telecommunications (minus 4.2 percent, minus 24.520 billion lei) and in other activities related to services (minus 2.7 percent, minus 12.932 billion lei).

As a consequence of the negative evolution witnessed by the entire economy, the volume of taxes on product collected by the state budget decreased, the net taxes on products recording a 2.7 percent drop, informs INS, which also reveals that the price indices rose by 2.9 percent in Q2, 2010 from the Q2 last year.

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