Trade: Chiritoiu (Competition Council): Big retailers decrease food prices by 12.8pct after VAT reduction

Big retailers reduced the prices of foodstuffs by 12.8pct and traditional stores by 9.1pct after the value-added tax on food was slashed from 24pct to 9pct, Competition Council Chairman Bogdan Chiritoiu told Agerpres. "Following the reduction in VAT on food on June 1, prices have gone down both in traditional trade as well as in the modern one: 12.8pct in ...

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