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Where Is The Romanian Wine Industry Heading?

Author

Listed:
  • NELA Steliac

    ("BabeÈ™-Bolyai" University, Cluj-Napoca, Romania)

Abstract

The wine sector in Romania occupies a very good position in Europe and worldwide. The favourable natural and climatic conditions as well as the historic tradition in growing grapevines and producing wine have been and are favourable factors for the development of this industry. This paper focuses on highlighting some important aspects of the Romanian wine market in the light of supply and demand. The volume of production is fluctuant, just as the average wine consumption, while the exports and imports are mainly intra-Community. The main external partners are Germany, France and Italy. The 100% absorption rate of Community funds allowed Romania to attract additional amounts in the period 2014-2018.

Suggested Citation

  • NELA Steliac, 2016. "Where Is The Romanian Wine Industry Heading?," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 68(3), pages 160-177, December.
    • Handle: RePEc:blg:reveco:v:68:y:2016:i:3:p:160-177
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/68312steliac.pdf
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    More about this item

    Keywords

    viticulture; production; consumers; external trade; allocation of European funds;
    All these keywords.

    JEL classification:

    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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