? Relative stability of activity in manufacturing, retail trade and services ? Relative stability in the number of employees in manufacturing and services ? Robust price growth in construction and retail trade Manufacturing According to the business tendency survey of December 2021, managers from the manufacturing industry forecast a relative stability of the production volume for the next three months (balance -4%). The biggest growth will be registered for the manufacturing of coke and refined petroleum products (balance +81%). Regarding the number of employees, a relative stability is estimated, the balance being 0% per total manufacturing. For the prices of industrial products, a growth is forecasted for the next three months (balance +35%). Construction According to December 2021 estimations, there will be a decrease in the production volume of the construction activity for the next three months (balance -20%). Managers forecast a moderate decrease in the number of employees (balance -11%). As to the prices of construction works, a robust growth is forecasted (balance +42%). Retail trade In the retail trade sector, managers estimate a relative stability trend in the economic activity for the next three months (balance -2%). The volume of orders placed by the trade units to the suppliers of goods will register a relative stability (balance -5%). Employers forecast a moderate growth in the number of employees for the next three months (balance +7%). Managers of trade companies estimate a robust growth of the retail prices (balance +42%). Services According to December 2021 estimations, the demand for services (turnover) will register a relative stability for the next three months (balance 0%). For the services sector, a relative stability is also estimated in the number of employees (balance -1%). According to the managers, the selling or invoice prices of services will grow (balance +19%).
Romanian businessman Ovidiu Budeanu, the developer and owner of Arena Mall Bacău, is expanding the shopping center in a EUR 65 million project set to be completed next year. The investment will increase the mall’s surface area by 70%, with expansion works having commenced in 2023,
ROCA Industry, the industrial holding company listed on the main market of the Bucharest Stock Exchange, has invested more than EUR 6.5 million in its operations in the Republic of Moldova, the company announced. The investment aligns with its strategy to expand regional production capacity and optimise operations in the building materials sector. In 2022, […]
Prime minister Marcel Ciolacu said on February 21 that Romania will request the amendment of the National Recovery and Resilience Plan (PNNR), and this will most likely be done in March, according to Spotmedia.ro. Ciolacu met in Brussels with the president of the European Commission, Ursula von...
International rating agency Fitch affirmed Romania's BBB-/negative sovereign rating, noting, besides the twin current account and budget deficits, the political instability caused by repeated presidential elections and a more fragile majority in parliament for the ruling coalition. "Fitch also lists the challenges for the next period and gives a clear signal that we must continue […]
Romania's interim president Ilie Bolojan and prime minister Marcel Ciolacu have congratulated Friedrich Merz and the Christian Democratic alliance CDU/CSU for winning the parliamentary elections in Germany. They both noted the importance of stronger bilateral relations between the two countries. "Congratulations to Friedrich Merz & our friends from the CDU/CSU for winning the parliamentary elections […]
Romanian director Radu Jude has won the Silver Bear for Best Screenplay for Kontinental '25 at this year's Berlin International Film Festival/ Berlinale. Kontinental '25 is Jude’s third film awarded in Berlinale’s main competition, after Aferim!, which earned...
