Romanian executives forecast a period of relative stability in manufacturing industry, retail trade and services, in parallel with a moderate decrease in employee numbers in the construction sector and sharp price increases in retail trade, for the period January – March 2024, in line with a survey carried out by the country’s statistics board INS.
Businesspeople look with concern at the prospects of 2024, against the background of the increase in operational costs and the evolution of inflation at a still very high level, expecting Romania to enter technical recession in the first half of 2024, as per the 5th edition of the Moneycorp barometer regarding the status of the Romanian economy.
Adrem group, a major local entrepreneurial business providing services and solutions for the energy and industrial sector, has contracted an over RON32 million loan from ING to support its development plans, with a focus on the expansion of energy efficiency services.
Financial analysts part of CFA Romania association estimate the Romanian currency will fall to an average exchange rate of 5.0781 units/euro in the next 12 months, while the estimated rate of inflation will reach an average value of 5.78%, down by less than a percentage point against the December 2023 rate.
Romanian company TARA Interactive, specialized in software development, plans to expand its activity to the Middle East, Vlad Lepadatu, managing partner at the company, told ZF.
WDP’s Romania projects in 2023 generated revenues of above EUR72 million, in line with the company’s report.
Romanian state-owned oil transporter Conpet Ploiesti included in its 2024 revenues/expenses budget the sum of RON588.7 million for revenues, namely a 7.6% increase based on the 2023 estimated result.