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
Auchan Romania Rolls Out Bulk Collection For Deposit Return System
Auchan Romania has introduced a new bulk collection system at…
Read more >Schwarz Group acquires Romanian big box operator La Cocoș
In a market shaped by hypermarket contraction and discount dominance,…
Read more >GKI analysis: Why do Hungarian households live more poorly than anyone else in the EU?
Imagine that the residents of every EU country shop in…
Read more >Related news
What makes us add the product to the cart – research
The latest joint research by PwC and Publicis Groupe Hungary…
Read more >Energy drinks are now legal: what every shopkeeper should know
New regulations on the sale of energy drinks came into…
Read more >Tens of millions with one opening tab – the biggest prize draw in XIXO history has started
This summer, XIXO is preparing for a bigger launch than…
Read more >