Managers estimate the growth of activity in retail, a relative stability of the number of employees in the manufacturing industry, constructions and services and growth of the prices in the manufacturing industry, constructions and retail, show the data published on Friday by the National Institute for Statistics (INS). ‘During the conjuncture investigation of August2021, the managers in the manufacturing industry estimate for the next three months, moderate growth of the volume of production (season balance +6%).For the activity of fabrication of electrical equipment the biggest increase is estimated (season balance +20%), followed by the activities of pharma and pharma products (season balance _16%). When referring to the number of employees it is estimated a relative stability, the season balance being _1% on the whole manufacturing industry’ the INS data say. For the prices of industrial products it is estimated growth over the next three months (season balance +22%). According to the estimates of August 2021, the activity of constructions will have a moderate growth of the volume of production over the next three months (season balance +11%). The managers estimate a relative stability of the number of employees (season balance +3%). As regards the prices of construction works it is estimated growth (season balance +38%). In the sector retail, the managers estimated for the next three months, a trend of growth of the economic activity (season balance +17%). The volume of orders for suppliers made by the commercial units will have a moderate growth (season balance +15%). The employers estimate for the next three months a moderate growth of the number of employees (season balance +13%). The managers of the commercial units estimate the growth of selling prices (season balance +32%). According to the estimates of August 2021, the demand for services (turnover) will have a moderate growth over the next three months (season balance +1- %). In the services sector it is estimated the relative stability of the number of employees (season balance +4%). According to the opinion of the managers, the selling or billing points of the services will have the trend to increase moderately (season balance +9%).
Ionuț Costea, former head of EximBank, and Sebastian Vlădescu, former finance minister, were released on November 5 following an extraordinary prescription procedure, according to a statement from Romania's High Court of Cassation and Justice (ICCJ). The two had been sentenced in 2023 to six and seven years in prison, respectively, for taking a EUR 5.5 […]
Prime minister Ilie Bolojan, who also serves as president of the Liberal Party (PNL), stated on November 4 that, at the meeting of the party's National Political Bureau the same day, support was renewed for resolving the issue related to special (magistrates') pensions this month, but also for the reform in public administration, according to
Knauf Insulation Romania, the local subsidiary of a division of the German group Knauf, has officially inaugurated its new glass mineral wool factory in Târnăveni, Mureș County, after an investment of EUR 140 million, for which the company also received EUR 18 million in state aid. "Our factory in Târnăveni, equipped with state-of-the-art technology, has […]
Corden BioChem, an expert in industrial biotechnology, could resume production at the bioethanol factory it took over from Swiss Clariant in southern Romania (or "Lesser Wallachia" as indicated by the company) at Podari, after the Competition Council authorised the takeover of the steam and electricity supplier. The company announced on its website that the Podari […]
Romania’s general government budget deficit can drop below 6.5% of GDP next year, possibly approaching 6% of GDP, to further drop below 5% of GDP if the tax evasion and tax avoidance are addressed, the head of the Fiscal Council, Daniel Daianu, said, speaking in a conference organised by Curs de Guvernare, as reported by […]
The Purchasing Managers' Index (PMI) compiled by BCR Romania for the manufacturing sector plunged to 47.6 points in October – the weakest reading in seven months – dragged down by the deterioration in the volume of new orders and volume of actual output. The decline wipes out the progress seen over the past six months, […]
