Romanian managers expect the activity in the manufacturing industry, retail trade and services to stay relatively stable between November 2023 - January 2024, anticipating also an increase in manufacturing, construction and retail prices, shows data released on Tuesday by the National Institute of Statistics (INS).According to the November 2023 short-term business survey, managers in the manufacturing industry expect a relative stability of the production volume over the next three months (short-term balance -1 percent). The number of employees is seen staying relatively constant, with a short-term balance at -4 percent, while industrial product prices are forecast to grow in the next three months (short-term balance +16 percent).The volume of construction works is expected to shrink in the next three months (short-term balance -21 percent), and the number of employees in the sector is projected to slide (short-term balance -7 percent). The prices of construction works are expected to increase (short-term balance +27 percent).In the retail trade sector, the managers bet on a relative stability of the economic activity in the next three months (short-term balance +4 percent). The volume of orders to the suppliers of goods is seen flatlining (short-term balance +4 percent). For the next three months, the respondents forecast a moderate increase in the number of employees (short-term balance +12 percent). Also, the managers of trading companies estimate that retail prices will go up (short-term balance +30 percent).According to November 2023 projections, the demand for services (turnover) will keep relatively stable in the next three months (short-term balance 0 percent), as will the number of employees (short-term balance -3 percent). According to the managers' opinion, the sales or invoicing prices for services will follow a moderate growth trend (short-term balance +10 percent).The INS specifies that the short-term balance reflects the perception of business managers of the dynamics of a phenomenon and should not be mixed up with the increase or decrease rate of any statistical indicator produced by the statistical authority. The short-term percentage balance represents the difference between the percentage of managers who chose the positive trend of the phenomenon and the percentage of those who indicated the negative trend.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
