Romanians spend 29bn euros in H1 - Azi

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Romanians spent around 29 billion euros in the first half of the year on goods and services, i.e.

on food, energy, cars, homes and mobile phones, according to Finance Ministry data on VAT collected by the state budget. Finance Ministry data shows that VAT earnings climbed almost 57% in the first half of this year against H1 of 2007, and reached 20.2 billion RON (5.5 billion euros), this tax being the biggest source of income for the state budget, which accounts for around a quarter of the...

Read the whole story in: Ziarul Financiar