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%).
Druid AI today announced it has secured USD 31 million in Series C financing to advance the global expansion of its enterprise-ready agentic AI platform under the leadership of its new CEO, Joseph Kim. The investment was led by Cipio Partners, with participation from TQ Ventures, Karma Ventures, Smedvig, and Hoxton Ventures. Kim has more […]
Drivers in Bucharest lose, on average, 12 working days annually due to congestion, according to Traffic Index 2025, an analysis carried out by the Institute for Visionary Cities. The index compares how much circulation slows down on working days compared to a free-flow regime, for the 41 county seat municipalities and Bucharest. According to the analysis, […]
Romania’s Senate and Chamber of Deputies held a moment of silence on Monday, September 15, for American conservative activist Charlie Kirk, who was shot dead at a university event on September 10. The marking of Kirk’s death came at the initiative of the far-right party Alliance for the Union of Romanians, or AUR. Both Kirk […]
A mountain shelter is scheduled to open this fall in the Făgăraș Mountains' Curmătura Bratilei area following a EUR 60,000 investment. The shelter, located at an altitude of 2,100 meters, is built by the private ophthalmopediatric hospital Infosan in partnership with the non-profit Carpați Mountain Association and the Brașov Emergency Situations Inspectorate (ISU Brașov). The […]
The official trailer for The Yellow Tie/Cravata Galbenă, a major international production about the life of renowned Romanian conductor Sergiu Celibidache, has been released, with the film set to hit cinemas nationwide on November 14. The cast includes John Malkovich and Miranda Richardson, both double Academy Award nominees, along with Ben Schnetzer, Kate Phillips, Sean […]
The presidential elections held in November 2024 in Romania were influenced by a large-scale hybrid war orchestrated by Russia before they were cancelled, according to general prosecutor Alex Florența. Romania’s presidential election was annulled last December after declassified reports alleged Russian involvement in cyber activities aimed at undermining the integrity...
