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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

PwC: Romania's Entertainment & Media industry to grow this year 3.6% above pre-crisis peak

The entertainment and media industry in Romania will grow this year by 8.1% year-on-year to EUR 2.62 bln, which will take the market 3.6% above the pre-crisis peak seen in 2019, according to the 22nd edition of the PwC Global Entertainment & Media Outlook 2021-2025 (GEMO) report.

Estimates also show that the industry will continue to increase until 2025, with an annual average growth rate of 7.68%.

"E&M industry revenues in Romania decreased by 4.23% last year, due to the pandemic-related restrictions, with cinemas being the most affected. Although the uncertainty experienced in the last 18 months is not over, revenue estimates for the coming years are encouraging, especially due to the consistent increase in digital platforms consumption," says Florin Deaconescu, Partner and Leader of the Technology, Media and Telecom sector at PwC Romania.

At the regional level, the Romanian media and entertainment industry registered the smallest decrease last year of all the Central and Eastern European markets included in the report. For example, Hungary decreased by 6.03%, Poland by 5.92% and the Czech Republic by 4.94%.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

PwC: Romania's Entertainment & Media industry to grow this year 3.6% above pre-crisis peak

The entertainment and media industry in Romania will grow this year by 8.1% year-on-year to EUR 2.62 bln, which will take the market 3.6% above the pre-crisis peak seen in 2019, according to the 22nd edition of the PwC Global Entertainment & Media Outlook 2021-2025 (GEMO) report.

Estimates also show that the industry will continue to increase until 2025, with an annual average growth rate of 7.68%.

"E&M industry revenues in Romania decreased by 4.23% last year, due to the pandemic-related restrictions, with cinemas being the most affected. Although the uncertainty experienced in the last 18 months is not over, revenue estimates for the coming years are encouraging, especially due to the consistent increase in digital platforms consumption," says Florin Deaconescu, Partner and Leader of the Technology, Media and Telecom sector at PwC Romania.

At the regional level, the Romanian media and entertainment industry registered the smallest decrease last year of all the Central and Eastern European markets included in the report. For example, Hungary decreased by 6.03%, Poland by 5.92% and the Czech Republic by 4.94%.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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