The turnover volume of market services rendered to the population decreased, in the period January 1 - August 31, 2024, compared to the same period last year, by 1.9% as unadjusted series, and by 1.5% as working days and seasonally adjusted series.Market services activities provided to the population, unadjusted series, recorded a lower turnover due to a decrease in turnover in: tourist agencies and tour operators (-8.7%), hairdressing and other beauty activities (-7%), gambling and other recreational activities (-2.5%) and hotels and restaurants (-2.4%). Washing and (dry-)cleaning of textiles and fur products increased by 11.8%.Turnover volume in market services supplied to the population increased in August 2024 compared to July 2024 both as unadjusted series by 6.9% and as working-day and seasonally adjusted series by 2.1%, on the back of increases in tourist agencies and tour operators (+11%), gambling and other recreational activities (+7.8%) and hotels and restaurants (+7.4%). Decreases were recorded in: washing and (dry-)cleaning of textile and fur products (-4.1%) and hairdressing and other beauty services (-3.1%).Turnover volume in market services supplied to the population decreased in August 2024, year-over-year, both as unadjusted series by 1.9% and as working-day and seasonally adjusted series, by 1.8%.Market services activities provided to the population, unadjusted series, recorded a lower turnover in August 2024 due to decreases in hotels and restaurants (-3.9%) and gambling and other recreational activities (-3.8%). Increases were recorded in washing and dry-cleaning of textiles and fur products (+15.3%), tourist agencies and tour operators (+8.4%) and hairdressing and other beauty services (+0.6%).
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by
Romania’s flag carrier, Tarom, has requested the government to disburse a new tranche of restructuring state aid approved in 2024 to address the current liquidity deficit, Profit.ro reported. The company argued that, because of late payment penalties...
Retail sales volume contracted by 2.3% q/q in Q3, resulting in a 0.3% y/y decline in Romania (the second negative reading since the Covid-19 pandemic), visibly dragged down by the real wages that contracted by 3.7% y/y in July-August (latest data available) after +2.2% y/y in Q2, +4.6% y/y in Q1 and around 9%-10% y/y […]
