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.
Romania's government has proposed a new fiscal package aimed at reducing the budget deficit, which includes significant changes to profit taxation for multinational companies.
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.
Infinity Capital Investments has reached an agreement to sell all its shares in sunflower oils producer Argus Constanţa to the Bulgarian agri trader Buildcom.
The deposits of non-governmental resident clients at banks rose by 0.9% in July 2025 compared to the previous month, reaching RON 634.9 billion (€127.8 billion).
The number of tourist arrivals in Bucharest reached 777,756 in the first five months of 2025, according to data from the National Institute of Statistics (INS).