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Aspects regarding the evolution of the wine market in Romania

Author

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  • Cezar Ionut BICHESCU

    (Dunarea de Jos University of Galati, Romania)

  • Silvius STANCIU

    (Dunarea de Jos University of Galati, Romania)

Abstract

Wine production is a traditional activity in Romania, which generates significant incomes for winegrowers and to the state budget. This paper proposes an analysis of the wine market based on the evaluation of the activity of specialized companies (NACE codes 1102 and 0121). The researches carried out have revealed a strong phenomenon of concentration of the profile national market, characterized by instability and dynamic evolution. Support measures for winegrowers have been successful, the grape production recording an upward trend and a decrease in the dependence on natural rainfall. The sector requires further support measures, with subsidizing the grape processing, wine aging, achieving some superior products and promotion on the national and international market.

Suggested Citation

  • Cezar Ionut BICHESCU & Silvius STANCIU, 2018. "Aspects regarding the evolution of the wine market in Romania," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 163-170.
    • Handle: RePEc:ddj:fserec:y:2018:p:163-170
    DOI: 10.26397/RCE2067053217
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    References listed on IDEAS

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    1. Silvius STANCIU & Tatiana NEAGU, 2014. "The Factors Influencing Consumers’ Behaviour On Wine Consumption In The Moldovan Wine Market," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 40-6418.
    2. Roxana Stoian & Dan Boboc & Mirela Stoian, 2013. "Changes and Trends on Wine Market in Romania," International Conference on Competitiveness of Agro-food and Environmental Economy Proceedings, The Bucharest University of Economic Studies, vol. 2, pages 50-58.
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