food

Nestle To Close Its Sole Romanian Factory In Timisoara

Swiss food and drink giant Nestle will close its only factory in Romania, in Timisoara, company representatives told Romanian financial newspaper ZF.

EU Commissioner: Food Security Not A Past Problem, It Concerns Future

Romanian EU Commissioner for Agriculture Dacian Ciolos said Friday food security is an issue that concerns the future and fears of food shortages underlie current social commotion and political turmoil.

Romanian Food Processors Accept High Retail Slotting Fees Out Of Fear

Romanian food processors are afraid of the major store chains, which might take their products off the shelf, and therefore accept the highest slotting fees in Europe, said Valeriu Steriu, chairman of the presidential committee for agricultural policies.

Romanian Union Agrostar Says Food Prices Will Rise 3-5%

Food prices in Romania will rise 3-5% in the following period because of adverse weather conditions and the international context, officials of the Agrostar food industry union federation said Friday during a seminar.

Romanian Federation Of Agricultural Producers Warns Food Prices To Go Up

The National Federation of Romanian Agricultural Producers (FNPAR) warned that the unfavorable weather conditions and lack of agricultural strategies will force up food prices in the upcoming period.

Romanian Processed Food Prices Seen Up 10-12% In Next 2-3 Months – Producers

The prices of processed food products will increase by up to 10-12% in the next 2-3 months, Sorin Minea, president of Romanian food producers' association Romalimenta, said Sunday on ProTV.

Romanian Senate Passes Bill Raising Hospital Food Funds By 30%

Romania’s Senate on Wednesday adopted a bill raising funding for food served to patients in hospitals by over 30%, to cover inflation and the five percentage point hike in the sales tax.

Romanian Fin Min Says Lower VAT On Food Won’t Lower Prices But Endanger State Spending

Romanian Finance Minister Gheorghe Ialomitianu said Friday he will try to convince lawmakers not to adopt a bill that lowers the sales tax on basic food items because the measure will not lower food prices and will jeopardize the country’s budget spending.

Romanian Senate Committee Supports Food Content Info Dots

The Romanian Senate’s health committee on Tuesday approved a bill whereby food products will have a green, orange or red dot on their wrappers or labels, according to the type and amount of food additives they contain.

Romanian Ruling Party Lawmakers Say They Voted For Lower VAT On Food, Tax-Exempt Pensions By Mistake

Lawmakers of Romania’s ruling Democratic Liberal Party said Wednesday they voted in favor of two bills that lack government support by accident and will move to have them annulled.

Romania Agric Min: Food Prices Can Go Down If Processors Reduce Profits, Retailers Lower Fees

Romanian Agriculture Minister Valeriu Tabara said food prices could go down if food processors and stores forego part of their profit and retail chains lower their fees.

EU Rejects Romania’s Plans To Apply Reverse Taxation On Food

The European Commission has rejected reverse taxation in the food sector, which entails that transaction taxes will be paid by beneficiaries and not by entities that delivered the merchandise, said Thursday Aurel Popescu, head of Romania’s bread industry association Rompan.

Half Of Romanians Say Prices Of Food, Non-Food Products Went Up During Crisis – Poll

Nearly half of Romanians believe prices of food and non-food products went up during the economic crisis, over 40% of Romanians believe prices remained unchanged, while 46% of them said they noticed a wider range of consumer sales promotions, according to market research agency Mercury Research.

Romania To Apply Fast Food Tax As Of March 2010

Romania will apply a tax on fast food starting March 2010 to economic operators that produce or import fast food, pastry, cakes, snacks, chips and fizzy drinks, and the quantum of the tax will be established after negotiations with the respective operators.

Romanian Tourism Food Segment VAT Could Drop To 9%

The value added tax (VAT) on the food segment in Romanian tourism could decrease from the current 19% level to 9%, following a provision included in the tourism law, said tourism minister Elena Udrea Thursday.

Romanian Food Indus Owners Claim Store Chain Intervention Against Good Practice Code

Large store chains have “swayed” high dignitaries in the Romanian Executive to delay, by all means necessary, and to block the draft Government Ordinance of the Good Practice Code in food commerce, promoted by the Ministry of Agriculture, according to owners in the food industry.

FOCUS: Romania ’09 Easter Food Sales Seen Similar With ’08 Sales or Lower

Romania's Easter food sales will be higher than sales in a regular month, but the growth rate will be similar to that in 2008 or lower, following a decrease in consumption due to the economic crisis, according to Romanian owners’ associations in the food industry, who added prices will not go up.

Romania To See Food Price Hikes If Currency Continues Depreciation

Food prices in Romania are seen rising if the Romanian leu continues to lose ground against the euro, Dragos Frumosu, head of the Union Federation in the Food Industry, said Wednesday.

Romania Food Prices Seen Rising Following Utility Price Hikes

Food prices in Romania will increase following the hike in electricity and natural gas prices come July 1, Sorin Minea, head of the employers’ federation in the food industry Romalimenta, said Thursday.

Romania’s Fin Min To Take Corrective Actions If Lawmakers Adopt Lower VAT For Food

Romania’s Ministry of Economy and Finance is to present in parliament a series of corrective measures if deputies adopt a decision cutting by 5% the value added tax for basic food, finance minister Varujan Vosganian said Wednesday.