Austerity measures in Romania include raising VAT on books from 5% to 11%, which could lead to the disappearance of bookstores and publishers.
Delia Niculescu
Current Affairs
foto:shutterstock
Always see our news on Google
The Romanian government has imposed austerity measures, including a VAT hike on books, which experts consider dramatic given that only 30% of Romanians read. This will seriously affect the publishing market, with the risk of closing bookstores and publishing houses, especially small ones. By comparison, other EU countries have significantly lower VAT rates for books. The impact will include price increases, lower sales and a return to self-publishing, affecting the quality of Romanian literature.
Sources
România, țara UE în care se citește cel mai puțin, are de vineri al doilea TVA ca mărime pentru cărți
Agenţia spaniolă de presă EFE: România, ţara din Uniunea Europeană unde se citeşte cel mai puţin, creşte TVA-ul pentru cărţi de la 5% la 11%, decizie considerată de experţi dramatică
Latest News
07:59
Ursula von der Leyen presents her State of the Union speech today. Seven topics that the President of the European Council will address (POLITICO)
07:40
The announcement of the moment made by Volodymyr Zelenskyy: Ukraine is testing a new anti-drone weapon
07:39
Three people were killed after a news helicopter crashed in Los Angeles
07:20
PHOTO GALLERY | The aftermath of the chaos in Victory Square: 47 detained, 10 gendarmes injured, and 2 special vehicles damaged / Farmers stayed overnight in front of the Government
07:19
A Republican congressman calls for Pete Hegseth’s impeachment in connection with the war in Iran
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
