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
20:15
IGSU, after the collision of two helicopters in Greece: Romania does not have aircraft or pilots deployed in Greece, and the Romanian firefighters in the area are safe.
19:53
The first detonation to divert the Danube towards Cernavodă has failed. The military will resume the intervention on Monday.
19:36
Aș propose that we no longer be surprised...
19:23
Belarus is establishing an airborne assault brigade 40 kilometers from Ukraine
19:10
Romanian firefighters are intervening in France to extinguish forest fires.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
