Romanian managers estimate, for the period October-December 2023, a relative stability of activity in manufacturing and services, a moderate decrease in the number of employees in construction, as well as an increase in prices in construction and retail trade, according to data the National Institute of Statistics (INS) released on Friday.In the October 2023 business survey, managers in the manufacturing industry forecast for the next three months a relative stability in the volume of production (conjunctural balance +4%). Regarding the number of employees, relative stability is estimated, with a conjunctural balance of -2%. Prices of industrial products are expected to increase in the next three months (conjunctural balance +16%).According to the estimates of October 2023, the construction activity will record a moderate decrease in the volume of production for the next three months (conjunctural balance -11%). Managers estimate a moderate decrease in the number of employees (conjunctural balance -6%), while the prices of construction works are expected to increase (conjunctural balance +31%).In the retail sector, managers forecast a moderate growth trend in economic activity over the next three months (conjunctural balance +13%). The volume of orders placed with suppliers of goods by business units will increase moderately (conjunctural balance +13%). Employers forecast for the next three months an increase in the number of employees (conjunctural balance +18%). Managers of trading companies estimate an increase in retail prices (conjunctural balance +31%).According to the October 2023 estimates, the demand for services (turnover) will be relatively stable over the next three months (conjunctural balance +1%). The number of employees is also expected to be relatively stable (conjunctural balance -1%).According to managers' opinion, the selling or invoicing prices of services will tend to increase moderately (conjunctural balance +12%).
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
Romanian president Nicușor Dan is scheduled to be in the United Kingdom on Tuesday and Wednesday, December 16-17, to meet with representatives of the business environment and the Romanian community. On the first day, the head of state will hold meetings with Romanian representatives from the business environment in the UK, as well as with […]
More than 300,000 older people living in Romania’s urban areas are expected to spend Christmas alone, according to data cited by the NGO Niciodată Singur – Friends of the Elderly, which recently launched its annual holiday campaign aimed at tackling loneliness among seniors. The initiative, titled “Be the Carol That Breaks the Silence,” is based […]
The Romanian Senate adopted a simple motion initiated against environment minister Diana Buzoianu on Monday, December 15. The motion passed after the Social Democratic Party (PSD), the largest party in the governing coalition, joined the far-right opposition party AUR in the initiative. The vote for the simple motion was carried after a no-confidence motion filed […]
Romanian farmers are set to benefit from improved access to financing following a EUR 25 million loan granted by the European Investment Bank (EIB) to Agricover Credit IFN SA, aimed at supporting micro agricultural businesses across the country. The funding will be provided under the InvestEU mandate and is intended to boost productivity and promote […]
Romanians rank among the most satisfied homeowners in Europe, but rising housing-related costs continue to put significant pressure on household budgets, according to the RE/MAX European Housing Trend Report 2025. The study showed that 81% of Romanians are happy with their living situation, above the European average of 77%, while 83% live in owner-occupied properties, […]
