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%).
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
