The minister added he will soon start consultations with the producers and the big retail chains to make sure the measure will trigger the desired effects.
Prime Minister Victor Ponta said Tuesday that Romania will cut the value added tax rate for all food products, including non-alcoholic drinks and restaurant services, as of June. The rate will be reduced to 9% from 24% currently.
The government also plans to cut the standard sales tax to 20% as of January 2016, after first quarter data showed that the collection of state budget revenues exceed the estimated schedule.