Moderate growth of activity in manufacturing industry and retail trade Relative stability in the number of employees in manufacturing, construction and services Price growth in construction and retail trade Manufacturing According to the business tendency survey of September 2023, managers from the manufacturing industry forecast a moderate increase of the production volume for the next three months (balance +6%). 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 +15%). Construction According to September 2023 estimations, there will be a relative stability in the production volume of the construction activity for the next three months (balance -3%). Managers forecast a relative stability in the number of employees (balance -2%). As to the prices of construction works, a growth is forecasted (balance +27%). Retail trade In the retail trade sector, managers estimated a moderate growth in the economic activity for the next three months (balance +13%). The volume of orders placed by the trade units to the suppliers of goods will register a growth (balance +16%). 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 +36%). Services According to September 2023 estimations, the demand for services (turnover) will register a relative stability for the next three months (balance +3%). A relative stability is estimated for the number of employees (balance -1%). According to the managers, the selling or invoice prices of services will register a moderate growth (balance +8%).
Crin Antonescu, the former leader of the Liberal Party (PNL) and interim president during Traian Băsescu's suspension in 2012, could become the joint candidate of the Social Democrats (PSD) and Liberals (PNL) in the presidential elections to be held in the spring. The only politician who has firmly announced his candidacy so far is the […]
The Social Democrats (PSD), Liberals (PNL), and Hungarian party UDMR were, at the end of December 22, close to agreeing over the share of the ministries in a joint cabinet to be appointed before the end of the year, such as to enact the quasi-austerity package of fiscal corrective measures already inked by the Ministry […]
Romania's gas consumption will increase by 10 billion cubic meters in the next 3-4 years, which practically means a doubling of current consumption, according to the National Gas System Development Plan 2024 - 2033 drafted by the operator of the country's gas transport system, Transgaz. The additional source of gas would come from the Black […]
The government of Romania has approved an emergency ordinance (OUG) initiated by the Ministry of Energy with legislative amendments that allow ministries to increase their stakes in companies in which they are majority or minority shareholders in order to prevent their "hostile takeover" or "decapitalization," according to Profit.ro and
A draft ordinance inked by the Finance Ministry and consulted by Economedia.ro establishes the framework for fiscal measures to be applied in 2025, envisaging that state pensions, special pensions, and salaries...
Romanian president Klaus Iohannis has submitted a notification of unconstitutionality to the Constitutional Court regarding a controversial law approving Government Emergency Ordinance OUG 107/2024, which outlines fiscal-budgetary measures for addressing budgetary receivables and Romania's general consolidated budget deficit for 2024. The Presidential Administration announced the submission on Friday, December 20. The fiscal amnesty brought RON […]
