- Growth of activity in construction and retail trade - Relative stability in the number of employees in manufacturing industry and services - Price growth in construction and retail trade, according to the data of the National Institute of Statistics (INS) published on Monday Manufacturing According to the business tendency survey of July 2024, managers from the manufacturing industry forecast a relative stability of the production volume (balance +3%). Regarding the number of employees, a relative stability is estimated, the balance being 1%. For the prices of industrial products, a moderate growth is forecasted for the next three months (balance +14%). Construction According to July 2024 estimations, there will be a growth in the production volume of the construction activity for the next three months (balance +17%). Managers forecast a moderate growth in the number of employees (balance +7%). As to the prices of construction works, a growth is forecasted (balance +25%). Retail trade In the retail trade sector, managers estimated a growth in the economic activity for the next three months (balance +20%). The volume of orders placed by the trade units to the suppliers of goods will register a moderate growth (balance +15%). Employers forecast a moderate growth in the number of employees for the next three months (balance +11%). Managers of trade companies estimate a growth of the retail prices (balance +28%). Services According to July 2024 estimations, the demand for services (turnover) will register a moderate growth for the next three months (balance +7%). A relative stability is estimated for the number of employees (balance +2%). According to the managers, the selling or invoice prices of services will register a moderate growth (balance +14%).
Romanian defense minister Ionuț Moșteanu resigned on Friday, November 28, after a scandal regarding inconsistencies in his resume triggered by a journalistic investigation. The controversy erupted after Libertatea reported that Moșteanu had falsely claimed in his first...
AnimaWings, the Romanian airline founded in 2020, has introduced new all-inclusive service packages on both international and domestic flights, marking what the company describes as a first in its onboard offering. The packages, named Priority All Inclusive and Priority All Inclusive Plus, combine baggage, meals, drinks, premium seating, and airport priority services into a single […]
Property developer M Core has opened M Park Orăștie, a new retail park developed on a 23,000 sqm plot in an established commercial area of the Romanian city. The project delivers around 5,500 square meters of single-level retail space, designed to accommodate a mix of fashion, homeware, electronics, and everyday essentials retailers. The company said […]
More than 80% of the electricity production capacity of the new nuclear reactors in the works in Romania could power a Black Sea AI Gigafactory project, according to a plan laid out by the government. Romania has already secured financing and partners to develop units 3 and 4 at the Cernavodă nuclear power plant, with […]
The Institute for the Investigation of the Crimes of Communism and the Memory of Romanian Exile (IICCMER) has issued a public appeal to president Nicuşor Dan and prime minister Ilie Bolojan to demonstrate “firmness in decision-making” in order to counter what it describes as an “increasingly insidious phenomenon of pro-totalitarian nostalgia,”
AFI Romania, part of the leading real estate development, management, and investment company operating across Central and Eastern Europe, AFI Group, announced that it secured a EUR 537 million refinancing package for three major projects in its portfolio: AFI Cotroceni, AFI Brașov, and AFI Ploiești. The three projects included in the refinancing are among the […]
