Romanian meat prices could drop by 20 percent

Romanian meat prices could drop by 20 percent


Romanian meat prices could drop by 20 percent

The recent draft of Romania’s new tax code states that the VAT on meat, fish, vegetables and fruit will be lowered from 24 percent to nine percent, starting in 2016.

If the draft is passed into law than the lobbying action of the Romanian Meat Association (ARC) will be proven successful. The Romanian meat industry has been struggling to find new markets for their products, due to a lack of exports to Russia because of economic sanctions. The measure could led to a 20 percent drop in consumer meat prices.

Source: TheCattleSite

3 March 2015