Romania has, currently, around 6.9 million hectares of forest fund, out of which 51pct are private property, data released by the National Forestry Inventory (IFN) at a Thursday conference reveals. According to IFN, there are 14 million hectares of farmland, the ratio of the categories of land being 1:2.1. The data indicate that there are around 830,000 forest and approximately four million owners of farmland, with a ratio of 1:5. The forest sector (forestry and wood processing) represents 2pct of GDP and that of agriculture and food industry represents 12pct. The IFN Inventory was conducted between 2008-2012; a new cycle of analysis debuted in 2013. "IFN was initiated in 2006, and its completion was stated in the Forest Code in 2008, in order to align to European standards. This inventory must be conducted, at a national level, every five years. The inventory must be conducted due to a need for precise and up-to-date information to serve as the basis for the forestry policy, forecasts, programs and strategies for the development of the forestry sector," Director for Policies and Strategies with the Environment Ministry Danut Iacob stated at the conference. The data were collected in the field by 21 teams assembled and trained for this purpose, each consisting of three people. IFN data shows that in cubic meters, the amount of wood is 2.22 million, with an average 321.9 cubic meters per hectare. The main species of trees are beech, representing 36.8pct, spruce - 23.8pct, holm - 10.1pct, hornbeam - 8.1pct and fir - 5pct.
The budgetary measures taken so far by the government of Romania are insufficient for stabilising the public debt to GDP ratio, and taking further steps will be complicated by recession – a "very likely scenario" for H2 this year – and the lack of coherence among the members of the ruling coalition, according to Nichollas […]
In a celebration of gastronomic art, creativity, and passion that define the fine dining experience at the highest level, JW Marriott Bucharest Grand Hotel proudly hosted two exceptional culinary evenings with Michelin-starred Chef Theodor Falser, who has held a Michelin star for ten consecutive years. Held on September 24 and 27, the two events offered […]
Vegis.ro announces discounts of up to 70% on over 4,000 natural and organic products Vegis.ro, Romania’s largest online store for organic, natural, and bio products, kicks off its Black Friday campaign on November 6 at 8:00 PM, offering discounts of up to 70% on more than 4,000 products across categories such as Supplements and Remedies, […]
NATO Secretary General Mark Rutte tried to calm security worries during his visit to Bucharest, saying the Alliance’s commitment to Romania remains strong, even after recent changes to the US troop presence. Standing next to president Nicuşor Dan on Wednesday, November 5, Rutte stressed that NATO fully understands Romania’s strategic importance on the eastern...
During the General Meetings of Shareholders of EVERGENT Investments held on October 29, 2025, all proposals submitted by the Board of Directors and included on the agenda were approved by a large majority. The main resolutions adopted were: the implementation of a share buyback program for up to 43,300,000 own shares, to be carried out […]
Romania is ready to become a strategic partner for India in Central and Eastern Europe, as it has the necessary infrastructure, skills and is also a member of the largest common market in the world - the European Union, Minister of Economy Radu Mituta said, as the Ministry of Economy, Digital Transformation, Entrepreneurship and Tourism […]
