Food expenditures accounted for 41.6 percent of the households' total consumption in 2015

Economic

Tuesday, July 5, 2016

• Tourism: Romania’s Chamber of Deputies has adopted the special tax for tourism and food service
• The tourists’ overnight stays in the establishments of tourists’ reception increased by 4.9% in May 2016
• Real Estate: WB: Germany Tops 2016 Logistics Performance Index
• In Romania, 1 million of houses were built starting in 1990
• Agriculture: Romania may become main rape producer
• Government decided to cut the VAT from 20pct to 9pct for specific agricultural services
• Food expenditures accounted for 41.6 percent of the households' total consumption in 2015
• Romania is the EU’s fifth largest fruit and veg producer
• Farmland prices continue to grow in 2016
• In 2015, compared to 2014, the total milk production decreased by 2.7%
• Healthcare : GE Healthcare’s innovative telemedicine technologies for cardiology implemented in a medical facility in Iasi
• Roche Romania changes distribution model of medicines for serious diseases
• Trade: Share of bakery products in overall household expenses for foodstuff and alcoholic beverages dropped in 2015
• Expenses for food consumption had share of 41.6% last year
• Managers expect 52 pct increase in Romania for the production of beverages
• Telecom.IT: Romanian software market will exceed three percent of GDP
• Orange Romania expands 4G/LTE coverage
• AirFi launched by TAROM starting with August on board the aircraft
• Infrastructure: Minister Costescu: Budget execution for investments in transports is 46% higher than in 2015
• OECD Deputy Secretary General claims Romania has the worst roads in the EU