expenditure

Romania's draft 2019 budget targets a reduction in the budget deficit, but is based on optimistic assumptions and fails to clarify uncertainty over the new bank tax, Fitch Ratings says The budget published by the Ministry of Public…

Between 2007 and 2017, the share of alcoholic beverages in total household expenditure remained roughly stable in the vast majority of Member States. The highest increases over this 10-year period were recorded in Romania (from 2.3% of…

Romania ranks second in the top of the EU countries where people spend the lowest sums of money for a holiday stay (less over EUR 124/person). Latvia ranks at the bottom of the top, with just EUR 107/person allotted for vacations, reads …

In 2016, households in the European Union (EU) spent 4.9 percent of their total consumption expenditure on clothing and footwear, the lowest proportions were recorded in Bulgaria (3.2 percent) and Romania (3.4 percent in 2015), Eurostat,…

Those over 1,200,000 foreign tourists who visited Romania in the first half of this year spent RON 2.2 billion for accommodation and have left nearly RON 500 million in bars and restaurants. At the same time, they bought souvenirs of RON…

Romania spent EUR 248 per inhabitant on education in 2015, the lowest sum in the European Union, where the average sum was EUR 1,400, according to an Eurostat study about how much are member states spending on education. In 2015, over…

Romania spent only EUR 340 per inhabitant on health in 2015, the lowest sum in the European Union, where the average was EUR 600 per inhabitant, according to the latest Eurostat statistics on health expenditure. Eurostat says that Member…

In 2016,  almost 2.5 million foreign tourists came to Romania (2.469.9 thousand)  and their expenditure mounted to RON 5.9 billion, spending on average RON 2397.9/person, the National Institute of Statistics informed on Friday. In Quarter…

During January – September 2016, the number of non-residents in collective tourist accommodation was 1.93 million and their expenditure amounted per total RON 4613.2 million, according to the National Institute of Statistics (INS) data.…

Among EU Member States, Romania posted the highest economic growth in the second quarter of 2016 compared with the previous quarter, 1.5 percent respectively, followed closely by Hungary (+1.0 percent), the Czech Republic, Poland and…