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.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
