Tag Archives: adrian vasilescu

How the world spends the money

Romanians allocate less than 1% of the household expenditures for investments, but spend 7% of their income on alcoholic drinks and cigarettes, said Adrian Vasilescu, advisor for strategy with the National Bank of Romania (BNR) this week at a conference in Bucharest. And even the expenditures for clothing and footwear (5%) were below the average amount spent for cigs and …

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