According to the Ministry of Culture and Tourism of Turkey, the country hosted 1,173,358 Romanian tourists between January and December 2024, an increase of 18.52% compared to 2023 (990,005). Moreover, by the end of 2024, Turkey hosted 329,796 tourists from the Republic of Moldova, 14.36% more than in 2023 (288,377). Türkiye achieved a 9.8% year-on-year growth in its visitor numbers and hosted 62.269.890 visitors in 2024, representing a 20.3% growth compared to 2019, the pre-pandemic year. With this figure, Türkiye also surpassed its targets of 60 million visitors, which it announced earlier in 2024, and 61 million visitors, which it renewed last October. In addition, Türkiye generated 61.1 billion USD as tourism revenue, which is 8.3% more than the previous year. Overall, 2024 has been Türkiye’s most successful year in tourism. Europe, the Middle East, and Central Asia have remained Türkiye’s biggest source markets while emerging markets such as the Americas, India, and China showed great growth in 2024. While Russia, Germany, and the United Kingdom remained Türkiye’s top three biggest source markets, the growth in the number of visitors from emerging markets was 8.1% for the USA, 65.1% for China, and 20.7% for India. Türkiye’s international visitors spent an average of 10.7 days in the country, and the revenue per visitor was USD 972. According to UN Tourism, Türkiye ranks among the world’s top five most visited destinations in 2023. (Photo:https://www.ktb.gov.tr/)
Unionists from the Sanitas Federation and several education sector federations will protest on July 7 in front of the Romanian Parliament against the fiscal measures proposed by the government, which they describe as austerity policies affecting public sector workers, Agerpres reported. Sanitas,...
Defic Globe, a subsidiary of Turkish energy conglomerate YEO Technology, has acquired 15 project companies in Romania developing renewable energy facilities with a combined capacity of 219 MW, Profit.ro reported. The portfolio,...
Prime minister Ilie Bolojan announced on July 2 that the government would come up with a second package of measures by the end of the month to promote important reforms such as changes to special pensions - a milestone in the National Programme for Recovery and Resilience PNRR - the reorganization of public institutions and […]
Romanian authorities believe the recently approved fiscal corrective package, with an estimated impact of 0.56% of GDP, will be sufficient to reassure the European Commission and international credit rating agencies of the country's commitment to fiscal discipline,
Romania's first fiscal package under prime minister Ilie Bolojan has drawn strong criticism from both employers' organisations and trade unions, who argue that the new tax measures unfairly burden the private sector and risk worsening social inequality. The Concordia Employers' Confederation and the Economic and Social Council (ESC) both issued negative opinions following consultations with […]
The Romanian government adopted a fiscal corrective package on July 4 worth RON 10.7 billion (EUR 2.1 billion), equivalent to 0.56% of GDP. The package includes tax increases, reductions in public spending, and changes to health insurance contributions aimed at improving the general government budget balance in line with the consolidation trajectory recommended by the […]
