The Romanians bought food with the largest part of the money coming from the VAT reduction for food, the rest of the sums being directed to non-food products, other expenditure or savings, according to the research company of the market GfK. ‘From the whole sum which the Romanians could have saved following the smaller prices, 76% was reintroduced in the purchasing cycle. More exactly: more than half of the sum was directed to food and non-alcoholic drinks, 17% to the non-food – personal care and house care; the rest of the sum was kept in the pocket, either for other expenditure or for saving’ the company shows, in a press release. The purchasing behaviour modified against the moment of the first impact of the drop in prices. Thus, in June-July although approximately 70% of the total sum came to FMCG the share between food and non-food was approximately equal. ‘The GfKstudy shows that products of personal care are in attention, the trend to buy products from a superior price segment. In the meanwhile, this phenomenon was diminished, the money coming back to the food products’ the company says. The VAT quota for food was reduced on 1 June from 24%to 9%.
Faster declines in orders and output fail to dampen future outlook Reduced demand for inputs sees inflationary pressures cool... ...and supplier performance improve for the first time on record The Romanian manufacturing downturn deepened in March, as firms signalled a deterioration across all elements of the headline PMI. New orders and output decreased at faster […]
Digital services revenue is estimated to rise by 44%, expanding from 34% to nearly half (49%) of companies revenue by 2029, according to a report compiled from IDC surveys across Europe, Asia-Pacific region (APAC), and the Middle East demanded by Endava (NYSE ‘DAVA’), a leading technology services company combining world-class engineering, industry expertise, and a […]
On Monday, March 31, a detachment of the Romanian Air Force called "Carpathian Vipers" began executing an enhanced air policing mission in Lithuania. The mission will last four months, between April and July 2025. The "Carpathian Vipers" detachment, consisting of approximately 100 military personnel and four F-16 Fighting Falcon aircraft, will carry out missions alongside […]
On Tuesday, April 1, controversial brothers and influencers Andrew and Tristan Tate left for Dubai after meeting with DIICOT prosecutors. Before they departed, the brothers mentioned that they would return to Romania within the legal period of two months, in accordance with the obligations of judicial control. "On April 1, 2025, Andrew Tate and Tristan […]
Wizz Air has officially opened its base at Bucharest Băneasa Airport, the capital’s secondary one, which will be served by an Airbus A321neo aircraft. An additional aircraft will also operate from Bucharest’s Henri Coandă Airport (Otopeni) from August 1, bringing the total number of aircraft based in Bucharest to 21 this summer, the carrier said. […]
A blood donation event will take place on Friday, April 4, at the Bucharest City Hall. Participation will be allowed only after phone confirmation from the organizers. Blood donation at the event is not remunerated, but each donor has the right to receive the results of the tests performed. They also receive meal vouchers worth […]
