BNR expects a slowing down of economic activity in most economic sectors, except for agriculture, in quarters 3 and 4, according to the November Report on inflation. According to the source, economic activity especially in HoReCa and cultural-recreational activities, is evaluated as having benefited, in the first two months of quarter 3, from the relaxation of an important number of mobility restrictions, on the background of the improvement of the medical situation. Also in this context, there is a high level of the economic agents' confidence in July and August. ESI indicator calculated by DG ECFIN recorded some of the highest values since the beginning of pandemic. In exchange, unfavorable signals came from the dynamic of industrial production and the building sector, on the background of the persistence of differences in supply chains (in the context of microchip crisis and the global raw material price increase) evaluated with a more persistent character than initially anticipated. Moreover, exports are foreseen to benefit from the activity recovery of the main commercial partners in the euro zone, on the background of a better control of the health situation in those states. The institution foresees that the new trajectory includes: slowdown effects, higher than previous estimates, of economic activity in the last two quarters of the current year and the contraction impact, anticipated to persist for some time, because of energy prices. The average annual GDP increase is imprinted by that of people's household consumption, to which is added the solid contribution of the formation of fix capital. The contribution of real net exports is designed to remain negative, with higher values in 2021 (against the previous year). For the current year, the designed contribution of the variation of stocks in the average GDP dynamic is very high.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
