The Economist: Romania ranks second in the world for retail growth
Romania posted the second largest increase in retail trade turnover in the world, according to a ranking made by The Economist. The growth of over 8% places Romania behind Vietnam. The Asian country saw a 10% annual increase in its retail…
Romania Insider · Journalist
· Updated · 1 min read
Romania posted the second largest increase in retail trade turnover in the world, according to a ranking made by The Economist. The growth of over 8% places Romania behind Vietnam. The Asian country saw a 10% annual increase in its retail sales. Algeria ranks third, with a growth of almost 8%, followed by China (7.8%) and India (6.5%), reports local Economica.net. Romania reduced the VAT from 24% to 9% last year, which gave consumption a strong boost. Venezuela, Azerbaijan and Ukraine reported the steepest drops in retail sales. editor@romania-insider.com
