Over 68% Of Retailers In Romania Up Prices Following VAT Hike – Survey

Over 68% of retailers in Romania have decided to increase prices following the Government’s decision to raise the value added tax to 24% from 19%, while only 31.71% said they are keeping prices unchanged, according to a survey released last Tuesday. The survey, conducted by Soft Mentor, which provides stock control software solutions for supermarkets and warehouses, also found that 78% of retailers that have kept prices unchanged on July 1 plan to hike them when they receive new and more ...

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