The Romanian economy expanded by 7% in 2017, marking the biggest growth since 2008, according to flash estimates of the National Institute of Statistics (INS). Economists say that public wage increases and lowered taxes fueled consumption, which led to increased imports. To cover the higher demand, bakeries and food service suppliers are looking for technologies and ingredients at foreign suppliers.
Romania’s GDP grew at the fastest rate in the EU last year, with food consumption being one of the driving engines of this growth. To answer the increased demand, producers and operators in the food service and hospitality industry are investing in new capacities, products in services, while many start-ups, supported by government funds, are opening new businesses in this area.
Romania attracts European Suppliers
Suppliers of bakery and food service equipment and ingredients from mature western countries are targeting the Romanian market, on which there is still a great potential for their solutions. The latest trends and technologies in the industry will meet over 20,000 managers and professionals from the Romanian Bakery and Food Service Market at the 10th edition of GastroPan International Exhibition, which will take place in the city of Targu Mures on 19-22 April 2018.
Here are a few main reasons for suppliers to target the Romanian Baking and Food Service Market:
- 7% economic growth in 2017, highest in the European Union
- 20 million consumers with the highest bread consumption rate (96 kg/capita)
- 8,000 EU funded start-ups in 2017, many of them with a food service business plan
- 20,000 active companies in the bakery, food service and hospitality industry
- ONE dedicated b2b Exhibition on the market - GASTROPAN.
Interested in providing your solutions and technologies on the Romanian Bakery and Food Service Market? Book a booth at GastroPan Exhibition or choose an alternative promotion opportunity to fit your budget. To find out more, please visit www.gastropan.com or dial +40-733-313 043.