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%).
The medieval fortress of Orăștie, in western Romania, was reopened on Monday, August 18, to the general public, after several years in which it underwent a process of conservation and restoration. The fortress, located in Hunedoara County, is now part of the local tourist attractions in the Mureș Valley. “We are inaugurating an important project […]
The famous Babele Cabin, located at an altitude of 2,206 meters on the Bucegi plateau near the Sphinx and Babele formations, was put up for sale for EUR 1.6 million. Built in 1970, the building is in an advanced state of degradation and requires renovation. It has a total of 20 rooms and over 1,760 […]
One of Bucharest’s most popular summer events is back as Cinema în Aer Liber kicks off its 2025 edition on the Insula Artelor in Titan Park. Running from August 19 to September 14, the festival will transform the island into an open-air movie theater, offering audiences four weeks of free evening screenings. This year’s lineup […]
Maria Dănilă, from Constanta, is the first woman in Romania to climb the K2 peak, in the Karakoram mountain range on the border between China and Pakistan. With this climb, she completed the list of the highest peaks in the world, according to Protv.ro. K2 is not only the second-highest peak...
More than 65% of 12th grade graduates from private schools with a dual curriculum in Romania (Class of 2024–2025) have been admitted to prestigious international universities in Europe, the United Kingdom and the United States, according to a study conducted by the Romania Education Alliance (REA) – the first national network bringing together high-performing private […]
Romania’s Ministry of Energy published on Monday, August 18, an ordinance designed to establish a Cybersecurity Incident Response Center in Energy. The new center will prepare the country’s energy sector to face expected and complex cyber threats, according to its initiators. The authors of the project say that the liberalization of the national energy market, […]
