? 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.
HILS Development has announced a EUR 200 million investment in a new large-scale mixed-use residential project in northern Bucharest, marking the company’s expansion into one of the capital’s most dynamic growth areas. The development, called HILS Nord, will span 10 hectares near Lake Șaulei and feature 2,705 apartments alongside green spaces, retail areas, and other […]
The “Dimitrie Gusti” National Village Museum in Bucharest is set to host the Saint Andrew Fair between November 29 and December 1, celebrating both the Day of Saint Andrew the Apostle, the Protector of Romania, and December 1, Romania’s National Day. The museum will set up small shops for skilled craftsmen who will bring traditional […]
The Japanese premium skincare brand Onshindo Osaka officially enters the Romanian market through its exclusive distributor, Pharma Brands, marking a new milestone in its European expansion strategy. Following its successful launch in Spain, the company aims to capitalize on the growing interest of Romanian consumers in premium skincare products with clinically proven efficacy and authentic […]
Honor appointed Kerr Cheng as the new country manager for Romania, placing him at the helm during a “key phase” of the brand’s expansion in Central and Eastern Europe. The company said Romania remains one of its most dynamic and strategically important markets in the region, and Cheng will be responsible for accelerating local growth […]
Romania has closed its participation in the 2025 Venice Architecture Biennale with the conclusion of Human Scale, the exhibition presented in the Romanian Pavilion at Giardini della Biennale and in the New Gallery of the Romanian Institute of Culture and Humanistic Research. Meanwhile, the project’s official catalogue has been made available to the public. The […]
The forests around the mountain city of Brașov and the Postăvaru Massif may be home to the largest densities of large owls in the world, according to a study by biologist Călin Vasile Hodor from Wildlife Management Consulting and professor Dan Traian Ionescu from the Faculty of Forestry Brașov, as quoted by BizBrasov.ro. The study […]
