INSIGHTS ON ROMANIAN WINE PRODUCTION AND TRADE

Abstract

The paper aimed to make an analysis on the evolution of the wine sector in Romania, insisting on the aspects related with production and trade and the issues that contributed to this trend. The research method is quantitative, based on dynamic analyze of time data series, using specific production and trade indicators. The discussions are focused on evolution of total vineyards in Romania, trends of wine production, consumption and trade. The results indicates that the wine sector developed in last years, helped by absorption of all the founds provided by the national program support for the period 2009-2013 and the launch of the new program for the 2014-2018 period, but the production which is not profitable without subsidies and the low price of the wine exported by Romania maintain a reduced competitiveness of this sector.

Keywords

• Romania
• vineyards
• wine sector
• production
• trade