BNR Governor: VAT cut for foodstuffs can be 100 per cent translated into price drops

The VAT cut for foodstuffs starting June 1, 2015, can be 100 per cent translated into price drops if there aren't any agreements among traders and if there is transparency in regards with the prices of the products affected by the decision, National Bank of Romania (BNR) Governor Mugur Isarescu said on Friday in the presentation conference of the quarterly report on ...

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