? Moderate growth of activity in retail trade and services ? Relative stability in the number of employees in manufacturing, construction and services ? Price growth in manufacturing, construction and retail trade Managers of Romanian companies estimate a moderate increase in the retail trade and services sectors, between September and November, as well as a relative stability of the number of employees in the processing industry, constructions and services, according to the results of a survey published on Tuesday by the National Institute of Statistics (INS).According to the official statistics, in the processing industry, managers expect, for the next three months, a relative stability in terms of the production volume (short term balance + 3%), while in the coke and refined petroleum products manufacturing sector will show a strong increase, with a short term balance of plus 61%.Regarding the number of employees, a relative stability is estimated in the same industry, with a short term balance of + 2% overall, and with an increase estimated in the price for industrial products, until the end of November (short term balance of +31%).According to estimates in September 2021, in the construction activity there will be some stability of the production volume for the next three months (short term balance -3%), but also in terms of the number of employees (short term balance -3%). Also, the prices of construction works would increase, the short term balance being of plus 37%.In the retail trade sector, the managers estimated, for the period September - November, a trend of moderate growth of the economic activity (short term balance + 15%). At the same time, the volume of orders addressed to the suppliers of goods by the commercial units will register moderate increases (short term balance + 13%).In the same sector of activity, employers forecast a moderate increase in the number of employees (short term balance + 15%), but also a jump in retail prices (short term balance + 36%).In the services segment, in the reference period, the estimates show a moderate increase in the demand for services (short term balance + 7%). In addition, a relative stability of the number of employees is anticipated (short term balance + 1%).In the view of managers, the selling or billing prices of services will have a moderate upward trend, with a short-term balance of plus 15%.The INS states that the short term balance indicates the perception of business managers on the dynamics of a phenomenon that should not be confused with the rate of increase or decrease of any statistical indicator produced by statistics.The short-term percentage balance 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, notes the same source.
The Romanian Parliament's Chamber of Deputies greenlit a request from opposition parties Alliance for the Union of Romanians (or AUR), SOS Romania, and the Party of Young People (or POT) to establish an inquiry commission into the October 17 explosion at the residential building in southern Bucharest. Three people died in the blast, which was […]
Two new studies centering on Romanians’ purchasing habits in connection with the yearly discount event known as Black Friday show a starkly different image compared to previous years. The findings suggest Romanians traded impulsivity for strategic planning. According to the latest Cargus survey conducted among 1,036 urban respondents, seven in ten Romanians are tracking desired […]
Colorful foliage, tranquil surroundings, and plenty of nature to explore: from mountain towns to wine-country escapes, we've selected below several options for an autumn break. Buzău Land This area, located in the southeastern part of the country, in the Carpathian bend, has been a UNESCO Geopark since 2022. It's a completely rural area that offers […]
Beyond Business School, founded by serial entrepreneurs Andra Ghibuțiu and Grégoire Vigroux, today announced the launch of the 3rd edition of its executive program in Bucharest. Designed for ambitious professionals ready to accelerate their careers, the program combines internationally accredited courses, hands-on business training, and direct access...
The sound of jazz will once again fill Oradea this November as the ORA Jazz Festival returns for its sixth edition, bringing together artists from across Europe and beyond. The festival will take place between November 14 and 16 at the Oradea State Philharmonic and the Sion Neolog Synagogue. This year’s edition features performers from […]
Allianz-Țiriac Asigurări announces the appointment of Codruța Furtună, currently Sales and Distribution Director, as Deputy Chief Executive Officer. The nomination has been approved by the Financial Supervisory Authority (ASF) and will be registered with the National Trade Register Office. Codruța Furtună will continue to oversee the Sales and Distribution area in Allianz-Țiriac, playing a key […]
