Retail&Consumer
Ialomitianu: Government Has No Intention To Reduce VAT On Food
Romanian Finance Minister Gheorghe Ialomitianu on Friday said the Government has no intention to reduce the value added tax, including for food products, adding the reduction of social secur...
Eurostat: Romania December Retail Sales Rise At 5th Fastest Pace In EU
Romanian retail sales rose 3.9% in December from the year-earlier month, the fifth largest increase in the European Union, official data showed Friday.
Jidvei Earmarked EUR10M For Investments In 2012
Jidvei, one of the largest winemakers on the local market, whose revenue stood at EUR18 million in 2010, set out to make EUR10.7 million investments in 2012. Its most important projects this...
Patriciu Requests Minimax’s Insolvency
Minimax Discount and Macro stores, the first bet of businessman Dinu Patriciu in retail, have asked for their insolvency in a petition submitted with the Ilfov court of law on February 1. Mo...
De'Longhi To Receive State Aid For Investment In Jucu
The Romanian Government will grant state aid to Italian household appliances producer De'Longhi, which will buy Nokia's factory located in Jucu, northwestern Romania, the Executive said Thur...
Austria’s bauMax Invests EUR20M In New Romanian Store
Austrian building materials retailer bauMax will invest around EUR20 million in a new store in Cluj-Napoca city, northwestern Romania, the company’s general manager for Romania and Bulgaria,...
Tabara Suggests 10% VAT On Farming Products
Romania should reduce the VAT on farming products from 24% to 10%, to lower food prices and prevent tax evasion, Agriculture Minister Valeriu Tabara said Thursday in a press conference.
Tourist Arrivals In Romania Up 16% On Year In 2011
Tourist arrivals in Romania rose 16% in 2011 compared with the year before, while overnight accommodations were up 12.2% on the year, the statistics institute INS said Thursday.
Consumption Didn't Rebound In 2011. Romania's Adjusted Retail Sales Fell 3.3% On Year
Romanian adjusted retail sales fell 3.3% in 2011 compared with the previous year, on lower sales in most sectors, the statistics institute INS said Thursday.