Romanian processing industry managers are expecting a moderate increase in production volume (short-term percentage balance + 6%) over the next three months, according to a February 2024 business survey published on Wednesday by the National Institute of Statistics (INS).As regards the number of employees, a relative stability is estimated in the processing industry, with the short-term percentage balance at -1%, and as far as industrial product prices are concerned, an increase is forecast (short-term percentage balance +18%).February 2024 estimates show that the construction activity will witness a moderate increase in production volume over the next three months (short-term percentage balance +9%).Managers are also estimating relative stability in the number of employees (short-term percentage balance -1%), and their construction prices are expected to increase (short-term percentage balance + 32%).In the retail trade, managers are estimating relative stability of economic activity (short-term percentage balance +5%). The volume of orders to suppliers of goods by businesses should witness moderate increase (short-term percentage balance +2%).The employers are forecasting for the next three months a moderate increase in the number of employees (short-term percentage balance + 15%) in the sector. In addition, managers of trading companies are estimating a sharp increase in retail prices (short-term percentage balance +40%).According to February 2024 estimates, the demand for services (turnover) should be relatively stable for the next three months (short-term percentage balance +4%). It is estimated a relative stability of the number of employees (short-term balance + 1%). According to managers' opinion, sales or billing prices of services will tend to moderate growth (short-term percentage balance + 14%).The short-term balance reflected by the survey indicates the perception of business managers on the dynamics of a phenomenon that should not be confused with the rate of increase or decrease of any statistical indicator produced by the INS.The short-term percentage balance is the difference between the percentage of managers who chose the positive version of the phenomenon and the percentage of those who indicated the negative version, as follows: up to ?5% relative stability; ?6% to ?15% moderate increase or moderate decrease, respectively; ?16% to ?40% increase or decrease, respectively; over ?40% sharp increase or decrease, respectively.
If you’re searching for a hidden gem in Europe, Romania is calling your name. Tucked between the Carpathian Mountains and the Black Sea, this country is an untouched marvel, combining natural beauty, rich history, and endless opportunities for entrepreneurs and retirees alike. Romania offers a unique blend of modern life and ancient charm, making it […]
Let’s talk about the lack of connection with our body and how this is closely tied to burnout, plus, what to do about it. So often throughout the day, we live almost entirely in our minds. We’re focused either on what we have to do at the moment—tasks that increasingly demand mental effort over physical […]
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
