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 Nexus Gaming team, which represented Romania at the IESF World Esports Championship, defeated Portugal’s team in the final to become world Counter Strike 2 champions. The Romanian team is composed of experienced players Ciocardau, Xellow, BTN, Ragga, and Adron. During the IESF WEC24 championship, they defeated some of the strongest teams, many of which […]
Well-known American actor John Malkovich, who was on stage last week at the National Theatre in Timișoara, visited the city’s first official souvenir shop on Friday, November 15. The visit was announced by Timișoara mayor Dominic Fritz. "Even Hollywood has come to the new souvenir shop. We’re delighted that John Malkovich found high-quality mementos from […]
The CONFIDEX H2 2024 study shows a relatively stable year without major events that could significantly impact Romania’s economy, but leaves room for growing concern regarding the future. According to the study, supported by private equity funds ROCA, AGISTA, and CITR, the leader in Romania’s insolvency and restructuring market, only 29% of managers report optimism […]
Romanian president Klaus Iohannis was on a visit to Berlin from November 15 to 18 to signal the strong ties between Romania and Germany with a speech in the German Bundestag. He also met German chancellor Olaf Scholz and president Frank-Walter Steinmeier. During his speech, the Romanian president said that the friendship between the two […]
In a rapidly digitalizing world, companies face numerous challenges in managing documents and data efficiently. Andrei Negulescu, Strategic Digitalisation Manager at Matricia Solutions, shares unique insights into how his firm helps businesses navigate the complex journey of digital transformation. In today’s world, every business talks about digital transformation, but few know how to make it […]
The Bucharest National Airports Company, which operates the two main airports of the capital, wants to purchase 450 benches for passengers in the boarding gate area of the Henri Coandă International Airport, better known as the Otopeni Airport. According to the announcement, CNAB will purchase 250 three-seat benches and 200 four-seat benches. The contract is […]
