BNR Exchange Rates
21.05.2012- 1 EUR
4.4408 RON - 1 USD 3.4767 RON
- 1 CHF 3.6976 RON
- 1 GBP 5.5015 RON
- 1 gr. aur177.7840 RON
Food to be more expensiveUpdated: 22-09-2009 |
The retailers from our country estimate that the law regarding the trading of the food products is anti-competitive, Mediafax informs. It will conduct to bankruptcies in industry and will determine the foreign retailers to stop the direct investments made in Romania, the representatives of the Association of the Major Commercial Networks from Romania (AMRCR) estimate.
The law regarding the trading of the food products was adopted by the Chamber of Deputies on September 16 and waits to be endorsed by President. The traders say that the first to be affected will be precisely the final users. The anti-competitive character of the law will be reflected in the deterioration of the competitive climate of the food market, and thus the prices will even grow, instead of falling, as a universal effect of the distortion of the mechanisms of the market and of the free competition in the market. Moody's outlook for European retailers remains negative, although food retailers have generally been resilient to the downturn given to the counter-cyclical nature of their products.
The modern trade covers 43 per cent of the consumer good market
The modern trade - hypermarkets, discounters, cash-and-carry shops and supermarkets - register a market share of 43 per cent of the total consumption of consumer goods at the level of the whole country, 3 per cent up over the same period of 2008, a Gfk survey remitted to the editorial office shows.
The most dynamic formats were the hypermarkets and the discounters. Their main source of growth was a bigger purchasing frequency, 30 per cent bigger for discounters and 10 per cent for hypermarkets, on the background of the aggressive expansion and thus of attracting a number of users 6 per cent and respectively 9 per cent bigger.
Latest News:
- Millennium Bank increases uncollateralized cash loans maximum amount
- Customers Benefit from Satisfaction Guarantee with All Consumer Banking Products from Citibank
- Call for Entries for Deloitte Central Europe Technology Fast 50 2012
- Millennium Bank offers term deposits with monthly interest payment
- Deloitte European Salary Survey: Sweden, Belgium and the Netherlands, at the top of the pyramid of the tax systems
- Citibank Romania Announces New Partnerships Extending its ATM and Repayment Network by 500 Locations Countrywide
- NBR delivers a silver coin dedicated to Sergiu Celibidache – 100 years since his birth.
- MILLENNIUM BCP NAMED BEST BANK IN PORTUGAL FOR SECOND STRAIGHT YEAR BY EMEA FINANCE
- PwC Romania awarded by the Babes-Bolyai University
- COSMOTE Romania launches a new advertising campaign promoting its Business Portfolio
- On April, National Bank of Romania's foreign exchange reserves stood at EUR 34,336 million
- BCR achieves solid quarterly operating result despite economic slowdown
- The National Bank keeps unchanged the monetary rate
- Tomas Spurny begins mandate as BCR CEO
- PIC reorganization plan approved by creditors and confirmed by the syndic judge
Most Popular News
- Three billion euros to be invested in energy private-public partnerships
- Romanian state plans to keep 8 pct of Petrom, at least
- IMF mission extends stay in Romania till May 9
- IMF, FinMin Vladescu discuss Government revenues collection
- Videanu admits that he is in conflict of interests in connection to Marmosim
- Greece gets 110 billion euros, biggest bailout in history
- BNR governor Mugur Isarescu: Situation is quite complicated
- Romanian-German meeting on fresh cooperation opportunities
- Gov't to earmark 6.4pc of GDP for investment
- FinMin Vladescu: Cutting 25pc off public wages pool will not generate needed savings
