Romania's black cigarette market stood at 8.3 percent of the total consumption this September, in line with the previous months, but higher compared to the 2022 average of 7.1 percent, shows a survey by Novel Research."In September 2023, the black market remains steady in almost all the regions of the country. Among the new elements worth mentioning for September's survey is the inclusion of Bulgaria among the main sources of smuggled tobacco products. With a share of 16.8 percent and an upward trend in the last year, Bulgaria is third in place as regards smuggled tobacco products, after duty-free outlets and cheap whites. Also, the survey carried out in the last months no longer identified cigarettes smuggled from Ukraine. There is a downward trend in the share of products from Moldova (7.6 percent), while Serbia is constant," said Novel Research managing partner Marian Marcu in a press release on Wednesday.Citing data on the platform StopContrabanda.ro, BAT Legal and External Affairs Director for South-East Europe Ileana Dumitru said that year-to-date, the Romanian authorities have captured about 105 million contraband cigarettes, more than double the amount in the same period last year.Head of the Romanian Customs Authority Ion Cupa said that 10 million illegal cigarettes were discovered in a recent raid carried out in the counties of Suceava and Teleorman, during which customs inspectors provided specialist assistance alongside representatives of the Directorate for the Investigation of Organized Crime and Terrorism, the Organized Crime Directorate, the Directorate for the Investigation of Economic Crimes, and the Border Police General Inspectorate.In 2022, tobacco companies funnelled about 20 billion RON to the state budget in excise duties, VAT and other taxes and contributions.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
