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 Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by
Romania’s flag carrier, Tarom, has requested the government to disburse a new tranche of restructuring state aid approved in 2024 to address the current liquidity deficit, Profit.ro reported. The company argued that, because of late payment penalties...
Retail sales volume contracted by 2.3% q/q in Q3, resulting in a 0.3% y/y decline in Romania (the second negative reading since the Covid-19 pandemic), visibly dragged down by the real wages that contracted by 3.7% y/y in July-August (latest data available) after +2.2% y/y in Q2, +4.6% y/y in Q1 and around 9%-10% y/y […]
