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Avon: VAT Cut Could Steer Customers To Upper Range Products
Consumer spending will go up this year following the overall VAT cut from 24% to 20% as of January 1, believes Razvan Diratian, general manager of cosmetics company Avon Romania.
Romanians Spend EUR1.4B Online
Some 2.7 million Romanians shopped online at least once last year, spending EUR1.4 billion, about 30% more than in 2014, according to ZF’s calculations based on the data supplied by the Nati...
Govt Spends RON15B More In December, Drives Budget Into Deficit
Romania’s general consolidated budget switched from a surplus of 5.3 billion lei (EUR1.2 billion) or 0.76% of the gross domestic product in November 2015 to a deficit of about RON9 billion t...
Retail Leu Deposits Reached Lowest Level After 2008 In November
Individual customers made 6.4 billion lei (EUR1.41 billion) deposits with local banks in November, the lowest level of leu-denominated monthly savings since December 2008, Romania’s central...
Romanians Spend RON350M On Butter In 2015
Romanian consumers will spend about 350 million lei (EUR78.3 million) on butter this year, as the butter market has been seeing steady growth over the past few years, after the product was d...
Premium And Private Label Products Eat Market Share From Mid-Range Products
Romanians spend EUR14 billion to EUR16 billion on fast moving consumer goods, that is food, beverages, cigarettes, personal and home care products a year.
Akos Forras, Kika: Market On The Rise, People Spending More
Kika Romania, a company that operates a furniture and home décor store in the western side of Bucharest, will open three or four stores in the city and the rest of the country by the end of...
Romanians Spend RON140M A Year To Exercise
Romanians spent 143 million lei (EUR32 million) in the 500 fitness centers in the country last year, according to the Finance Ministry data.
Major Banks Laid Off 8,000 People Since 2008, Salary Costs Still The Same
The ten largest banks in Romania laid off 8,000 people in the past six years, but their personnel spending remained unchanged at more than 3 billion lei.