ROMANIA FOOD RETAIL SECTOR IS BOOMING
June 1st, 2008
BY MARK ROWE
THE FOOD retail sector in Romania has witnessed extraordinary growth in the past five years. Despite the fact that VAT in Romania is 19%, above the eastern European average, between 2002 and 2007, the grocery retail sector rose by 134.5% and is forecast to grow by a further 53.6% by 2012. The retail value of sales in hypermarkets grew by an astonishing 1,777%, with a further 63% rise expected to 2012; sales within supermarkets in the country rose by 121% from 2002-2007 and should rise by 55.5% to 2012; discounter sales expanded by 1,554% to 2007 and ...
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