Romanian managers are estimating for the next three months a price increase in the processing industry, retail and services, according to the results of a survey published on Friday by the National Institute of Statistics (INS).In the said survey of January 2022, managers in the processing industry project for the following three months a relative stability of production volume (conjectural balance of 1%). For the manufacturing activity of coking products and products obtained by crude oil processing the highest increase will be registered (62% conjectural balance).Regarding the number of employees, a relative stability is estimated, the conjectural balance being +4% for the total of the processing industry. For the industrial prices, there is a forecast of increase in the following three months (39% conjectural balance).According to the estimates of January 2022, the construction activity will register a moderate drop in production volume in the next three months (-6% conjectural balance). Managers are estimating a moderate drop in the number of employees (conjectural balance of -7%). Regarding prices in construction works, an accentuated growth is projected (conjectural balance of +49%).In the retail sector managers estimate a moderate drop of economic activity in the next three months (conjectural balance of -12%). Volume of orders for the suppliers of goods towards commercial units will register a moderate drop (-7% conjectural balance). Employers forecast a moderate increase of number of employees for the next three months (+12% conjectural balance).Business managers estimate an increase in retail prices (+39% conjectural balance).According to the estimates of January 2022, the demand for services (turnover) will know a relative stability in the next three months (+2% conjectural balance). The services sector also estimates relative stability in number of employees (-2% conjectural balance). According to the opinion of managers, sale prices or service billing will have an upwards trend (+23% conjectural balance).
The exhibition RomanIa – Identity representation of traditional dress in art, currently on view at the National Museum of Art of Romania (MNAR), gathers a variety of artistic representations of the traditional blouse ia, from painting and sculpture, to drawing, photography, installation, film, music, posters, fashion, books, albums, and more. It includes works by Henri […]
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
