to the economy is expected to rise this year to a total of €2.36bn (RON10.8bn) compare to RON10.1bn in 2016.
Romania saw some 10.9 million tourists visiting last year of which 2.4 million were foreign tourists.
Popular attractions include Mamaia and the Black Sea resorts although ski resorts, castles and city breaks are also popular. Tere are around 33,000 companies active in the hotel and restaurant industry.
Te tourists spent 25.2 million overnights in Romania in 2017 up 7.8 per cent on the previous year.
Romania borders the Black Sea, Bulgaria, Hungary, Moldova, Serbia and the Ukraine and is made up of 41 counties and one municipality (Bucharest). Tere are 319 cities and 2,686 communes.
Meanwhile the government of Romania has not been without its problems. President Basescu was the fourth President of Romania serving from 2004 to 2014 having formerly served as Mayor of Bucharest from 2000 to 2004.
A presidential election at the end of Basescu’s
term in November last year saw Klaus Iohannis, Mayor of Sibiu and leader of the Christian Liberal Alliance, take on the role.
Meanwhile Mihai Tudose was appointed as Prime Minister in July 2017 days after the ruling Social Democrat Party removed its own government after an internal power disagreement.
Te SDP filed a no confidence motion in Sorin Grindeanu accusing him of delays in implementing reforms in the country. Te motion was filed just six months after the SDP swept back into victory in the elections.
THE GAMBLING MARKET Under the dictatorship of Nicolae Ceausescu
gambling at one time was illegal. But after 1990 when his regime toppled, gambling became legal and the first post-communist casino opened in 1991.
Te Games of Chance law says the state has a monopoly over the organisation and operation of gambling in Romania and legislation creates a legal framework for private operators to apply for licences.
In Romania poker is currently permitted plus fixed odd betting (including sports betting),
mutual and exchange betting, casinos plus slots (with unlimited payouts), AWPs and VLTs and bingo (remote and landbased) and lottery games.
Te sector is overseen by two main associations. AOPJNR was set up in 1995 and at the time there were 21 gaming operators in Romania and the AOPJNR sought to introduce a gateway between the authorities and the operators. Today it represents 60 operators who operate some 35 per cent of the authorised equipment in Romania and is a member of Euromat. It is headed by President George Niculescu.
ROMSLOT is the second association which was set up in October 2010 aimed at creating a coherent and applicable legislation for the slot machine sector. Today it comprises of 18 operators and is also a member of Euromat and is headed by President Valentin Adrian Georgescu.
Mr Georgescu has 27 years experience in the industry and he is in his second term as President of ROMSLOT and he is permanently involved in projects to help build a solid partnership with business associations in Romania and across Europe.
ROMSLOT is the pioneer of responsible NEWSWIRE / INTERACTIVE /
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