consumption

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…

Bread and bakery products represent staple food for Romanians, with  the average consumption reaching 8 kilos on a monthly basis in Romania last year, meaning 96.5 kilos per year, reads a report released by the National Institute of…

In 2018, economic activity in the CEE region continued its solid expansion that started in 2017. This was especially the case for Poland, Hungary and Latvia, recording GDP growth rates close to 5%. Other countries experienced a weaker pace…

Romania’s government has passed a first revision of the 2019 budget in response to its widening fiscal deficit. Effective measures are needed given the country’s pro-cyclical fiscal policies and the upward trajectory of public debt, says…

Romania has the second lowest number of active companies per thousand inhabitants in Europe, according an analysis of the financial-banking analysts in Romania. Overall, there are 500,000 active companies on the local market, with their…

Romania’s economy, with growth based on consumption, looks like a sand castle which may be put down in a second, by a wave of by the breeze (of crisis). Higher inflation, the depreciation of the national currency and the financial blockage…