Shopfully: Higher VAT rates in Romania impact consumer spending and retailers
Starting August 1, Romania's new fiscal package increased the standard VAT rate from 19% to 21%. It also merged the 5% and 9% reduced rates into a single 11% rate.
Starting August 1, Romania's new fiscal package increased the standard VAT rate from 19% to 21%. It also merged the 5% and 9% reduced rates into a single 11% rate.
Erste Group Bank AG has provided a €85.5 million refinancing facility for Argeş Mall in Piteşti, developed by Prime Kapital.
Shopping centres in Romania are ahead of many European markets in providing entertainment options, establishing themselves as key leisure destinations, according to a recent analysis by Nhood Romania.
Romanians are preparing to spend an average of RON 800 (€160) on food and preparations for Easter, reveals a recent study by Raiffeisen Bank, in collaboration with Appinio.
AI-powered solutions transform the shopping experience and integrate changing consumer needs,
Modern shopping centers with a total leasable area of more than 160,000 square meters were built this year.
During the shopping event with the biggest discounts of the year, 38% of customers who ordered on Black Friday had a Genius subscription with free shipping and exclusive offers.
62% of the consumers have purchased products after seeing advertisements in shopping malls.
About 62% of the customers visit the store at least 2–3 times a month, the highest percentage of all countries where Pepco is present.
The Romanian Ministry of Finance successfully raised €4 billion on October 2 in its final and most successful Eurobond issuance of the year.
Investors in Central Europe are optimistic about the upcoming months, according to the latest Deloitte Central Europe Private Equity (PE) Confidence Survey.
Romania's private companies are forecasting a slowdown in salary growth for 2026, with an average projected increase of 6%.
Bogdan Putinică has announced his resignation from his position as Microsoft Area General Manager for Central Europe, which includes operations...
Romania's annual inflation rate climbed to 9.88% in September, a marginal increase from the 9.85% recorded in August, according to the latest data from the INS.