This paper investigates the health status of the population in a transition economy. Against a background of falling living standards compounded by the widening income inequality a deterioration of health status has been outlined. Drawing upon a consumer survey carried out in the capital Bucharest, risk factors are highlighted. Respondents’ age, income, and health motivation are the most significant variables which differentiate between smokers and non-smokers. Respondent’s age and sex are significant factors predicting the physical exercise status. Additionally, respondent’s level of education is a significant predictor of the time spent on physical exercise. The implications of the study for health policy makers are finally discussed. Copyright Springer Science+Business Media, LLC 2006Risk factors, Smoking, Physical exercise, Health motivation, Health policy,