Managers dread inflation

Managers of the companies on the Romanian market are expecting to see inflation up in the next three or four months due to the price increases in the three major economic sectors: industry, constructions and retail. The latest poll conducted by the National Statistics Institute (INS) points out this trend will show due to the output and sales in the three sectors are only bound for growth. The poll canvassed 2,550 managers in the processing industry, 700 in constructions and 950 in the retail business. The companies’ expectations of an inflation increase over the next few months also showed in the latest poll conducted by the National Bank of Romania. “The first quarter will end with no problems in terms of inflation, which is anticipated to reach 3.4%,” Leonard Cazan, Development and Prognosis minister told Ziarul Financiar. The authorities are planning to bring inflation down to 13-14% this year. ZF