consumption

4 out of 10 Romanians (39%) consume wine at least once a week, and 29% about 1-3 times a month. Red wine is Romanian’s favorite, being frequently consumed by 30% of them. Wineries from Moldova have the highest notoriety…

Romanians are braking the consumption, says a recent IRSOP survey conducted during January 18-18, 2021. Only 31% of them spent more last year as against previous years, 47% of them spent the same and 22% spent less. In 2021, 41% of the…

The production of consumption milk increased by 8% in 2019 in comparison to 2018. Strengths: More than half of the companies (61%) recorded an increase in net income Profitability sector increase from 4.3% in 2018 to 5.4% in 2019…

An unprecedented rise in the inactive population since February has seen more than 30 million workers going missing from official unemployment statistics across selected OECD and Emerging Market economies. Because of this ”hidden…

Financial analysts expect the coronavirus to make a strong economic impact until the second quarter of 2021, according to  a survey conducted in July 2020 by Romania's chartered financial analysts association CFA Romania. Romania's…

The economic consequences of the COVID-19 pandemic are of an unprecedented scale in Europe. The twin supply-demand shock has resulted in the halting of production (at least partially) in many companies as employees cannot go to work and in…

The retail turnover has decreased by 22.3% in April, the second month when there was state of emergency in Romania as against March, following the declining fuel sales (-35.1%), non-foodstuff (-22.3%) and foodstuff, drinks and tobacco…

The latest IRSOP poll conducted during May 6-9 says that the income available per household has "vanished" in Romania during this period, while savings have been also on decline, which means that households are facing melting cash and those…

An Euler Hermes research estimates that in Europe, household saving rates could increase by as much as +20pp to 36% on average in Q2 2020. This means EUR1.3tn of additional savings, or 10% of GDP. Total savings could peak at EUR2.3tn. In…

There are now more than 10,000 breweries in the European Union according to the latest figures revealed today by The Brewers of Europe, whilst both the production and consumption of beer have gradually grown year on year for the last five…