? Relative stability of activity in manufacturing, retail trade and services ? Relative stability in the number of employees in manufacturing and services ? Robust price growth in construction and retail trade Manufacturing According to the business tendency survey of December 2021, managers from the manufacturing industry forecast a relative stability of the production volume for the next three months (balance -4%). The biggest growth will be registered for the manufacturing of coke and refined petroleum products (balance +81%). Regarding the number of employees, a relative stability is estimated, the balance being 0% per total manufacturing. For the prices of industrial products, a growth is forecasted for the next three months (balance +35%). Construction According to December 2021 estimations, there will be a decrease in the production volume of the construction activity for the next three months (balance -20%). Managers forecast a moderate decrease in the number of employees (balance -11%). As to the prices of construction works, a robust growth is forecasted (balance +42%). Retail trade In the retail trade sector, managers estimate a relative stability trend in the economic activity for the next three months (balance -2%). The volume of orders placed by the trade units to the suppliers of goods will register a relative stability (balance -5%). Employers forecast a moderate growth in the number of employees for the next three months (balance +7%). Managers of trade companies estimate a robust growth of the retail prices (balance +42%). Services According to December 2021 estimations, the demand for services (turnover) will register a relative stability for the next three months (balance 0%). For the services sector, a relative stability is also estimated in the number of employees (balance -1%). According to the managers, the selling or invoice prices of services will grow (balance +19%).
Associates of the fugitive Moldovan oligarch Ilan Șor were urged to vote for far-right candidate George Simion in the presidential elections in Romania back in May, according to the General Inspectorate of Police of the Republic of Moldova. Moldovan police made public several messages discovered on the phones of those close to Ilan Șor as […]
The month of July was nearly 2 degrees Celsius warmer than normal in Romania, with temperatures exceeding 43 degrees Celsius in the southern Oltenia region and over 40 degrees Celsius in Transylvania. Eleven new heat records were set, and there were also intense rains as well as severe hailstorms, according to the climatological summary published by […]
Romania ranks last in the European Union in terms of circular material usage, with a rate of just 1.3%, according to 2023 public data analyzed by Clean Recycle experts. Comparatively, countries such as the Netherlands (30.6%), Italy (over 20%), and Malta lead the EU rankings. A circular economy is a model of production and consumption […]
A new edition of Art Safari will take place from September 5 to December 14 in Bucharest, featuring a diverse program of art exhibitions. Highlights include "Paris Pallady," showcasing over 70 works by Romanian artist Theodor Pallady alongside pieces by Henri Matisse, in collaboration with Paris museums Musée de l'Orangerie and Musée Henri Matisse, the […]
According to a recent announcement from the Ministry of Foreign Affairs, Romania endorsed the Joint Declaration on the Security and Resilience of Submarine Cables in a Global Digitalized World, in coordination with the United States and European Union partners. The diplomatic effort takes place as allies are concerned with sabotage incidents, cyberattacks, and other forms […]
The media and entertainment industry in Romania is projected to experience steady growth over the next five years, driven primarily by the expansion of digital segments. According to the latest PwC Global Telecommunications, Entertainment & Media Outlook 2025-2029 report, the sector is expected to grow at an average rate of around 2% annually, reaching a […]
