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.
Romania’s state-owned enterprises (SOEs) generated revenues of RON 127 billion (EUR 26 billion, no reference year indicated), but continue to receive state subsidies larger than their aggregated profits, deputy prime minister Dragoș Anastasiu said during a press conference on July 22. The figures were released as part of the government’s broader reform plan to overhaul […]
Romania’s deputy prime minister Dragoș Anastasiu presented detailed provisions of the government’s forthcoming corporate governance reform for state-owned enterprises (SOEs) in a statement on July 22, outlining measures aimed at restructuring management boards, capping remuneration, and improving accountability. Anastasiu confirmed that the reforms will apply to both company executives and non-executive board members, and are […]
Romanian prime minister Ilie Bolojan and deputy PM Dragos Anastatsiu, as head of the working group, announced in a press conference on July 22 the plans for streamlining the corporate governance in state owned enterprises (SOE) – one of the two packages of reforms (besides the local administration reforms) expected to be delivered in an […]
Romania launched a major tourism promotion campaign in Doha, the capital of Qatar, this week. Organized by the Ministry of Economy, Digitalization, Entrepreneurship and Tourism (MEDAT), the campaign runs from July 21 to 27 and showcases Romania on some of the most visible digital billboards in the city. The initiative features promotional video clips about […]
Romanian president Nicușor Dan has raised alarm over the growing nostalgia for communism revealed in a recent national survey. The study, conducted by INSCOP in collaboration with the Institute for the Investigation of Communist Crimes (IICMER), found that a majority of Romanians now view former dictator Nicolae Ceaușescu as a good leader. According...
JUNE agency becomes the communication partner for Generatik, the digital platform for planning mall advertising campaigns, launched by Brand Management. The partnership between the two teams is not only about visibility, but also about the responsibility of bringing to the forefront a product that redefines the way brands plan their presence in shopping malls. Together, […]
