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47 new news items in the last 24 hours
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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
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1 August 2025, 17:32
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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.

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România, țara UE în care se citește cel mai puțin, are de vineri al doilea TVA ca mărime pentru cărți
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Economedia
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

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NEWS ON THE SAME TOPICS

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Politics
Rareș Bogdan comments on the effects of austerity measures: "It is clear that increasing taxes only brings short-term added value, after which the economy contracts."
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Economy
Starting from July 1, 2026, Romanian consumers will pay additional taxes for packages ordered from outside the EU, including a customs fee of 3 euros/item and a logistics fee of 25 lei/package.
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Current Affairs
Victor Ponta states that the Romanian economy is in a critical situation, without growth in key sectors.
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International
Bulgaria, a popular destination for Romanians, is losing its attractiveness due to rising prices after the adoption of the euro. Tourists notice costs comparable to other European countries.
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Politics
Rareș Bogdan says that Ilie Bolojan has "buried" the economy of Romania.
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Politics
Kelemen Hunor, the leader of UDMR, admits that the increase in VAT was a mistake that led to inflation and a decrease in consumption. He proposes returning to the rate of 19% / "There is a risk that we may enter a chronic recession"
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