US EditionRomania's Retail Sales Decline Raises Concerns About Economic Growth, Economists Warn - hotnews.ro
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7 Articles
The Romans have reduced the costs. The recession theme has led to increased caution, so the Romans have put off consumption. Although part of the slowdown in August can be attributed to the costs before tax increases, this does not fully explain the return, writes ING economists in a month's notice to investors. "The government has faced us. The increase in VAT from 1 August has led to the loss of consumption," observes the Council of Georgescu.
Romanian consumers have put the brakes on consumption, signaling increased caution. While part of the slowdown in August can be attributed to spending before tax increases, this does not fully explain the setback, economists write…
Retail sales in the euro area fell by 0.1% in August compared to July, and were constant at the European Union level. This trend in retail trade has been roughly stagnant since April. In July 2025, retail sales fell by 0.4% in the area and by 0.3% in the EU. Member countries with […] The article Consumption stagnates across Europe – the population prefers to save. Romania has the largest decrease in consumption in the EU appears first on CursDeG…
The austerity measures imposed by the Bolojan Government are strong: Romania, the largest drop in EU sales volume Austerity measures fall into the local economy: Romania registers the largest decline in regional trade Austerity measures adopted by Prime Minister Ilie Bolojan begin to show effects in the economy. Small businesses and local trades face a difficult period, and official figures confirm the decline: Romania registered, in August, the…
With an estimated budget deficit of at least 8.4% of GDP this year, the Bolojan government has increased VAT by 19% to 21%, in an attempt to cover, as much as possible, budget costs. VAT growth is not large, for products it should not have increased their price by more than 2.5%. Theoretical. In practice, things are different. Some products are even more expensive and 50% than in the spring.
Wholesale sales increased easily in the euro area and remained stable in the European Union in August, but Romania had the strongest decline.
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