The country’s gross domestic product expanded at an annualized rate of 3.8% in January through March, well above the EU average growth of 1.4%, EU’s statistics office Eurostat said in a flash estimate.
Poland posted the second-biggest increase, of 3.5% year-on-year, followed by Hungary (+3.2%) and the UK (+3.1%). At the opposite end, Cyprus reported the largest annual contraction, of 4.1%, followed by Estonia (-1.5%) and Greece (-1.1%).
Compared with the fourth quarter of 2013, the Romanian economy grew 0.1% in the first three months of 2014. The EU average growth rate was 0.3%.
The eurozone economies increased at an average quarterly rate of 0.2% in the January-March period.
Compared with the same quarter of the previous year, seasonally adjusted gross domestic product rose by 0.9% in the euro.