Relative stability of activity in manufacturing industry, retail trade and services Moderate decrease in the number of employees in construction Sharp price growth in retail trade Manufacturing According to the business tendency survey of January 2024, managers from the manufacturing industry forecast a relative stability of the production volume for the next three months (balance 0%). Regarding the number of employees, a relative stability is estimated, the balance being -1%, the short-term survey carried out by the National Institute of Statistics (INS) shows. For the prices of industrial products, a growth is forecasted for the next three months (balance +21%). Construction According to January 2024 estimations, there will be a moderate decrease in the production volume of the construction activity for the next three months (balance -12%). Managers forecast a moderate decrease in the number of employees (balance -9%). As to the prices of construction works, a growth is forecasted (balance +32%). Retail trade In the retail trade sector, managers estimated a relative stability in the economic activity for the next three months (balance +1%). The volume of orders placed by the trade units to the suppliers of goods will register a relative stability (balance +3%). Employers forecast a moderate growth in the number of employees for the next three months (balance +10%). Managers of trade companies estimate a sharp growth of the retail prices (balance +45%). Services According to January 2024 estimations, the demand for services (turnover) will register a relative stability for the next three months (balance -2%). A relative stability is estimated for the number of employees (balance -4%). According to the managers, the selling or invoice prices of services will register a growth (balance +17%).
The agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
