Romanian managers estimate, for the period April - June 2025, a moderate increase in economic activity in manufacturing, retail trade and services, as well as an increase in prices in all areas of the economy, according to data published on Monday by the National Institute of Statistics (INS).In the April 2025 conjoint analysis, managers in the manufacturing industry forecast a moderate increase in the volume of production for the next three months (balance of opinion +12%). As for the number of employees, relative stability is estimated, the balance of opinion being -5%. Industrial product prices are forecast to increase over the next three months (balance of opinion +23%).According to the April 2025 estimates, the construction activity will record an increase in the volume of production for the next three months (balance of opinion +26%). Managers estimate a moderate increase in the number of employees (balance of opinion +9%). As for the prices of construction works, they are expected to increase (balance of opinion +36%).In the retail trade sector, managers have estimated a moderate upward trend in economic activity for the next three months (balance of opinion +13%). The volume of orders placed by commercial units with suppliers of goods will increase (balance of opinion +20%). Employers forecast a moderate increase in the number of employees for the next three months (balance of opinion +8%). Managers of commercial companies estimate an increase in retail prices (balance of opinion +36%).According to the April 2025 estimates, the demand for services (turnover) will grow moderately over the next three months (balance of opinion +8%). Managers in the services sector expect the number of employees to remain relatively stable (balance of opinion +1%). According to the managers' opinion, the selling or invoicing prices of services will be on a rising trend (balance of opinion +18%).INS states that the balance of opinion indicates the perception of business managers on the dynamics of a phenomenon that should not be confused with the growth or decline rate of any statistical indicator produced by INS. The percentage of the balance of opinion is obtained as the difference between the percentage of managers who chose the positive variant of the phenomenon and the percentage of those who indicated the negative variant.
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
