Romanian managers expect a sharp rise in retail trade prices in the next three months, as well as a plunge in the construction sector's economic activity, shows data released on Wednesday by the National Institute of Statistics (INS).According to the December 2022 business survey, managers in the manufacturing industry expect a relative stability of the production volume in the next three months (short-term balance -4 percent), while the number of employees is seen as relatively stable (short-term balance at -1 percent for the manufacturing industry overall). Industrial product prices are forecast to increase in the next three months (short-term balance +34 percent).According to December 2022 estimates, the volume of construction output will drop considerably in the next three months (short-term balance -24 percent) and the sector's headcount is expected to decline moderately (short-term balance -11 percent). Prices of construction works are expected to increase (short-term balance +36 percent).In the retail trade sector, the managers' estimates for the next three months are of relative stability of the economic activity (short-term balance -2 percent). The volume of orders for suppliers of goods is seen staying relatively stable (short-term balance -3 percent), just as the number of employees (short-term balance +4 percent). On the other hand, trading company managers expect a sharp increase in retail prices (short-term balance +43 percent).The demand for services (turnover) will register relative stability in the next three months (short-term balance -3 percent), as will the number of employees (short-term balance -2 percent). According to the managers' opinion, service selling or invoicing prices will follow an upward trend in the next three months (short-term balance +24 percent).The INS mentions that the short-term balance indicates the perception of business managers on the dynamics of a phenomenon that should not be mistaken for the rate of increase or decrease of any statistical indicator produced by the statistics authority. The short-term percentage balance is determined as the difference between the percentage of managers who chose the positive version of the phenomenon and the percentage of those who indicated the negative version.
The 16th edition of Les Films de Cannes, the festival showcasing productions awarded or selected at the Cannes film festival, returns this fall to Bucharest and four other cities in the country. The winner of this year's Palme d'Or, Jafar Panahi's It Was Just an Accident, will be screened at the event, as will be […]
Răsvan Angheluţă Natural Sciences Museum in Galaţi is scheduled to reopen on September 20, after the completion of modernization works worth over 15.1 million lei (approximately EUR 3 million) carried out by the County Council through the recovery and resilience facility PNRR. The building hosts an Aquarium, an Astronomical Observatory, a Planetarium, and temporary exhibitions. […]
A team of Romanian paramedics won first place at the World Rescue Challenge 2025, a competition that sees first responders and trauma teams from around the world develop new skills and share knowledge. This year, the competition took place in Karlovac, Croatia, and was attended by two Romanian paramedics from Bucharest who have been working […]
Artmark, one of Romania’s leading auction houses, registered record sales of over EUR 15 million despite economic instability, showing the growth potential of the national art market, according to the company’s 2024-2025 market report. Overall, auction sales totaled EUR 11 million, up 8.2% compared to the previous year, while sales through the “Dependent de Artă” […]
Cybersecurity has become a major global priority, impacting individual users, companies, organizations, and public institutions. Social engineering, deepfakes, digital manipulation, and coordinated geopolitical attacks are fundamentally reshaping how we view the digital future. In this context, DefCamp, the largest cybersecurity and hacking conference in Central and Eastern Europe, reaffirms its role as a strategic hub […]
Romanian airline AnimaWings has received its fifth Airbus aircraft, an A220-300, as part of an ambitious expansion plan to build a fleet of 18 planes by the end of 2027, valued at over USD 1 billion. The A220-300 is the airline’s third of this type and will serve both domestic and international routes. Configured with […]
