The Romanian government extended and expanded the restriction of the food margin
The Romanian government decided to extend and expand the limitation of the basic food margin at Friday’s meeting, the Ministry of Agriculture and Rural Development in Bucharest announced.
The provision thus remains in effect until January 31, 2024. The restriction was introduced by the Ciolacu cabinet with an emergency decree on August 1, for a period of three months. The law limits the permissible margin applied by processors and retailers to 20 percent, and wholesale distributors (regardless of the number of sales) can collectively charge a profit margin of no more than 5 percent.
The summer emergency decree limited the price of 14 staple foods: it applied to white bread of specified composition and packaging, fresh cow’s milk, telemea (Romanian cheese), yogurt, wheat flour, cornmeal, eggs, sunflower oil, chicken, pork, fresh vegetables, fruit, potatoes and sugar.
Related news
Eurozone industrial production exceeded expectations in February
Eurozone industrial production rose more than expected in February, both…
Read more >Hungary’s economic vulnerability: causes, consequences and possible solutions
The economic developments of recent years have once again drawn…
Read more >Hungary remains a recommended investment destination
Hungary’s financial situation is stable, and our country remains a…
Read more >Related news
The BioTechUSA group was able to grow despite market challenges
The purely domestically owned BioTechUSA group has published its annual…
Read more >More than 13 tons of donations were collected at the joint Easter campaign of NOE and CBA
More than 13 tons of donations were collected during the…
Read more >MOHU supports Easter redemption with increased capacity
As the holidays approach, store traffic is expected to increase,…
Read more >