The Government approved on Wednesday the Tourism Development Strategy 2025 - 2035, a document that includes solutions for transforming Romania into a "well-known" and "high-quality" tourist destination, the Government spokesperson Mihai Constantin informed.The goal of the strategy is for Romania to become a "well-known, high-quality, year-round tourist destination, focused on the uniqueness" of its cultural and natural heritage."There are two general strategic objectives: that of increasing the share of tourism in the economy, but also supporting the creation of jobs through the sustainable development of tourism, with several specific objectives, I would also say that of attracting tourists who have an above-average budget, of increasing the number of nights spent in Romania, with the development of all types of tourism in Romania, from that which is given by the summer seasons on the coast, from winter tourism for ski resorts, to cultural or business tourism, including this part of event tourism", explained the Minister of Economy, Entrepreneurship and Tourism, Radu Oprea.Another objective is the continuation of the tourist offer on the coast, including during the winter, for the organization of conferences.The tourism promotion program will continue to be focused on countries with "potential", such as Great Britain, France, Germany or Italy.
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 […]
