black market

The cigarette black market in Romania accounted for a lesser share of total consumption in September, dropping to 15.3%, a 2.9% decrease from the value registered in July, according to a Novel Research study presented on Thursday.

Romania’s black market for used cars reached nearly EUR250 million in the first quarter of 2010 and non-cashed VAT from used cars deals amounts to EUR47 million, said Nicusor Sorescu, sales manager of auto group Radacini Motors, importer of General Motors brands.