The weddings market has halved since the beginning of thecrisis, to a value of around 650 million euros, while the number ofdivorces has risen by 17% in the summer months compared with thesimilar period of 2008, according to ZF's calculations.
The progression of the weddings market can be calculated basedon three indicators: the number of official marriages, the budgetsallocated for wedding parties and the fees charged by firms thatorganise such events.
Last year in Romania there were nearly 134,000 marriages, down 10%on 2008, according to data from the National Statistics Institute(INS). However, in the first eight months of the year, the numberof marriages fell by nearly 21% in 2010 against 2008, to almost90,000 in January-August of this year. If you add the 25-30%decline in budgets allocated for wedding parties, as well as in thefees charged by organising firms, one can get an estimate of thedecline of a business worth in the past over 1.2-1.3 billion eurosa year. Only half the Romanians who get married also hold a weddingparty, say representatives of companies that organise suchevents.
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