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GfK: Romanians, On A Shopping Spree In 1Q Despite Their Pessimism About Economic Perspectives
Romanians got the urge to buy in the first quarter of 2016, despite their pessimism regarding economic perspectives, according to a study by market research company GfK Romania.
GfK: Food Price Cuts Stimulate Appetite For More Expensive Products
The increase in pensions, wages of healthcare and education employees and in the average income, as well as the lowering of the value added tax on food items, boosted the purchasing power an...
Wind Farms And Solar Parks Covered Almost 16% Of Romania’s Power Consumption In 2015
Wind farms and solar parks covered almost 16% of Romania’s power consumption in 2015. Last year was also the year with the lowest investments in renewable energy since 2009, when the green p...
Central Bank Official Warns Consumption Will Widen Current Account Deficit
Romania's central bank chief economist Valentin Lazea warned Wednesday that stimulating consumption will widen the country's current account deficit, after the country managed to adjust it b...
Romania’s Electricity Consumption Up 2% To 58,846 MWh In 2015
Romania’s electric power consumption rose 2% in 2015, to 58,846 MWh (58.8 TWh), while production increased by 1% to 65,576 MWh (65.5 TWh), according to the data of Romanian power grid operat...
PwC: Wage Hikes And VAT Cut To Sustain Consumption In Romania Further In 2016
The increase in consumer income and the lowering of the value added tax will fuel a sustained consumption growth in 2016 as well, but will stimulate imports, and Romania must carefully handl...
Romania Ranks Second To Last In EU By Individual Consumption And GDP Per Capita
Romania ranks second to last in the European Union in terms of Actual Individual Consumption (AIC) and gross domestic product (GDP) per capita, with the highest levels being recorded in Luxe...
Romanians Drink Less Than One Glass Of Bottled Water A Day
Consumption of bottled water reached 72 liters per capita last year or less than one 200-milliliter glass, which puts Romania below the European average of 105 liters per capita, according t...
Romania More Energy Independent Than Ever Despite Oil And Gas Production Decline
Romania’s production of energy resources, coal, oil and gas has been dwindling over the past ten years, yet the market has never been more independent of energy imports.