Managers estimate the growth of activity in retail, a relative stability of the number of employees in the manufacturing industry, constructions and services and growth of the prices in the manufacturing industry, constructions and retail, show the data published on Friday by the National Institute for Statistics (INS). ‘During the conjuncture investigation of August2021, the managers in the manufacturing industry estimate for the next three months, moderate growth of the volume of production (season balance +6%).For the activity of fabrication of electrical equipment the biggest increase is estimated (season balance +20%), followed by the activities of pharma and pharma products (season balance _16%). When referring to the number of employees it is estimated a relative stability, the season balance being _1% on the whole manufacturing industry’ the INS data say. For the prices of industrial products it is estimated growth over the next three months (season balance +22%). According to the estimates of August 2021, the activity of constructions will have a moderate growth of the volume of production over the next three months (season balance +11%). The managers estimate a relative stability of the number of employees (season balance +3%). As regards the prices of construction works it is estimated growth (season balance +38%). In the sector retail, the managers estimated for the next three months, a trend of growth of the economic activity (season balance +17%). The volume of orders for suppliers made by the commercial units will have a moderate growth (season balance +15%). The employers estimate for the next three months a moderate growth of the number of employees (season balance +13%). The managers of the commercial units estimate the growth of selling prices (season balance +32%). According to the estimates of August 2021, the demand for services (turnover) will have a moderate growth over the next three months (season balance +1- %). In the services sector it is estimated the relative stability of the number of employees (season balance +4%). According to the opinion of the managers, the selling or billing points of the services will have the trend to increase moderately (season balance +9%).
Romanian Social Democrat leader and prime minister, also running for the presidential seat this autumn, Marcel Ciolacu, named Liberal (PNL) regional leader Ilie Bolojan as his preferred would-be prime minister. Notably, Bolojan is also being circulated as a potential prime minister in case the Liberal leader Nicolae Ciuca wins the presidential elections. In fact, the […]
Romania’s agricultural sector faces significant setbacks this year, with the European Commission revising crop yield forecasts further downward due to severe drought and heavy rainfall in key producing regions. Grain corn yields are projected to drop to 3 tonnes per hectare - a 10% reduction from last month’s forecast and a staggering 36% decrease compared […]
Romania's Ministry of Energy extended a EUR 33 million grant under the Resilience Facility to Heliomit, a firm controlled by local entrepreneur Tudor Mihăilă (24), for the development of a PV panel assembly plant with an annual capacity of 1,500MW. The photovoltaic panel factory will be developed in Bârlad, Vaslui county. "The support of almost […]
Romania's Ministry of Energy announced it cleared the disbursement of grants under the Resilience Facility in the total amount of nearly EUR 36 million for five power storage projects with a combined capacity of over 790MWh. Among the recipients, there are investment vehicles of "a Dutch billionaire and an Austrian real estate developer," according to
German insurer Signal Iduna announced the signing of the agreement for the acquisition of a majority stake in the Romanian insurance firm Garanta Asigurări from Greece's market leader – The Ethniki, Hellenic General Insurance Company. Following the success recorded in 2021 through the acquisition and integration of the two Romanian subsidiaries (life and general) of […]
Major Romanian online retailer eMAG announced plans to expand operations in the Republic of Moldova in 2025 or 2026. "We are considering an expansion in the Republic of Moldova, but I don't know if it will be in 2025 or 2026," eMAG's CEO Tudor Manea said at the press conference dedicated to the Black Friday […]
