Romania has not applied to participate in any international tourism fairs, such as World Travel Market London, FITUR Madrid or ITB Berlin and checks its first absence from the London fair after 40 years, according to representatives of the National Association of Travel Agencies (ANAT) and Incoming Association Romania (AIR) in a press release on last Wednesday. In this context, the two associations draw the government's attention on the total neglect of incoming tourism in an open letter addressed to the provisional minister of economy, entrepreneurship and tourism, Virgil Popescu. According to data supplied by Eurostat, Romania recorded, in July 2021 the biggest drop of incoming tourism in EU, compared to the previous year, facing a 90% drop of the number of nights spent by foreigners in accommodation units. According to the source, the most important tourism events held abroad have already been launched and are registering participants (World Travel Market London, FITUR Madrid, ITB Berlin, etc). “ANAT and AIR request the ministry to communicate as soon as possible the strategy of Romania's promotion on long and short term and the list of international events in which the ministry will participate with stands in the rest of 2021 and in 2022. ANAT and AIR also ask representatives of the Ministry of Economy, Entrepreneurship and Tourism to speed up the publication of regulations on exhibitors' participation (licensed travel agencies, accommodation structures, promotion organizations) in Romania's national stand. Until then, Romania marks its first absence in 40 years in World Travel Market London, which will open its gates in less than two weeks”, the press release shows.
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...
Romania's Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision marks the first stage of a wider overhaul programme announced by prime minister Ilie […]
The retail sales volume index in Romania recovered for the second consecutive month in October, when it increased by 0.9% m/m after the 1.3% m/m advance in September – but it was far from fully recovering the 4.0% m/m plunge seen in August as an effect of higher VAT rate enforcement amid already negative consumer […]
Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 - the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% average advance in the European Union. The seasonally-adjusted index […]
