Romania agriculture "halved since 2001"

Romania’s agriculture industry shrank by 17% in 2007 compared to 2006, says the National Statistic Institute president.

Izvor: BIRN

Wednesday, 12.03.2008.

12:46

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Romania’s agriculture industry shrank by 17% in 2007 compared to 2006, says the National Statistic Institute president. The country’s Gross DomesticProduct (GDP) rose last year 6 percent, to EUR 121bn but agriculture contributed just 1.3 percent to that growth. Romania agriculture "halved since 2001" Land under cultivation also shrank and more than a million hectares of farmland was not even worked on, Voineagu added. The country was hit by a severe drought last summer. The only agricultural products that saw growth last year were wine-making, potatoes and sugar-beet. According to these figures, agriculture has declined by 50 percent since 2001 and a quarter since 2005. Voineagu admitted agriculture was the most difficult sector of the national economy in 2007, and production was at its lowest in 25 years. In 2007, Romania became a net importer of agricultural products, which contributed 10 percent to the country’s trade deficit. The most important contributors to GDP growth was the construction industry which rose by 33 percent, while the tourism, transportation and IT services grew by 10 percent.

Romania agriculture "halved since 2001"

Land under cultivation also shrank and more than a million hectares of farmland was not even worked on, Voineagu added.

The country was hit by a severe drought last summer.

The only agricultural products that saw growth last year were wine-making, potatoes and sugar-beet.
According to these figures, agriculture has declined by 50 percent since 2001 and a quarter since 2005.

Voineagu admitted agriculture was the most difficult sector of the national economy in 2007, and production was at its lowest in 25 years.

In 2007, Romania became a net importer of agricultural products, which contributed 10 percent to the country’s trade deficit.

The most important contributors to GDP growth was the construction industry which rose by 33 percent, while the tourism, transportation and IT services grew by 10 percent.

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