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Infrastructure Spending Cut Undermines Romania’s Economy
Private sector companies are losing competitiveness, real estate assets stay frozen and cannot be sold, wages cannot be raised because of increasing costs and the entire local business secto...
Romanian Consumers Spend EUR500M In Stores At Easter Time
Easter, the second most important time of the year for consumer spending after the Christmas season, drives up sales of the major retailers compared with the rest of the year. Romanian consu...
Foreign Tourists Spent EUR1.1B In Romania In 2014
Foreign tourists spent 5.09 billion lei (EUR1.15 billion) in Romania last year, up 6.2% from RON4.79 billion in 2013, according to data released by the country’s statistics institute Tuesday...
Study: Romanians Plan To Spend Some EUR110 Each On Christmas Gifts This Year
Romanians plan to spend an average of EUR110 each on Christmas gifts in 2014, less than the Bulgarians and the Czechs, but more than the Poles and the Dutch expect to spend, according to the...
Romania Paid Enough Money For 700 Km Of Highway In 2008-2014, Got Only Half
Romania’s national company in charge of highways and national roads CNADNR paid EUR4.3 billion for highway projects in 2008-2014 and the highway network only increased by 373 kilometers, to...
Romanians To Spend EUR500M On Luxury Goods By End Of 2014
Romanian consumers will spend 2.2 billion lei (about EUR500 million) on luxury goods this year, mostly on clothing, shoes and fine drinks. The market has been flat over the last few years bu...
Romanian Consumers Spend About EUR1B On Cosmetics A Year
Romanian consumers spent almost EUR1 billion on cosmetics last year, allocating about 40% of this amount to perfumes and skincare products. The oral care products, deodorants and men’s produ...
Romania Monthly Average Household Income At RON2,452, Household Spending At RON2,210 In 2Q
The total monthly average income per household in Romania stood at 2,452 lei (EUR555) in the second quarter of 2014, while the total monthly average household expenses stood at RON2,210, acc...
Romania’s Infrastructure Spending To Grow By 5% Per Year By 2025 - Report
Romania’s infrastructure spending will grow on average by 5% per year between 2013 and 2025, faster than growth in Western Europe, but slower than the global average, with the infrastructure...