The Current State of Bioeconomy in Romania

Tiberiu Cristian Avrămescu ()
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Tiberiu Cristian Avrămescu: University of Pitești

Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 1, 113-120

Abstract: This paper presents the development potential of bioeconomy in Romania, in the context of European Union membership. The paper presents the concept of bioeconomy and an overview of the documents referring to the bioeconomy sector in the European Union and in Romania. Many European Union countries, including Romania, emphasize the importance of bioeconomy in many official documents, but they have not developed a complex strategy for this sector. Romania has one of the largest agricultural sectors in Europe and a strong chemical industry. These sectors, together with the food industry, wood processing, pulp and paper industry can contribute to the development of bioeconomy in Romania, creating high value-added and environmentally friendly products.

Keywords: bioeconomy; sustainable development; renewable resources; smart specialization (search for similar items in EconPapers)
JEL-codes: O44 Q01 Q20 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xx:y:2020:i:1:p:113-120

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