Romania: Dairy and Products Annual
Romania’s dairy sector remains dominated by small-size farms. Despite unfavorable market conditions commercial farms are committed to develop further. Deliveries to dairies are projected to decline by 10 percent in 2015 as a result of strong foreign competition. The fiscal measure of reducing the Value Added Tax (VAT) from 24 percent to 9 percent supported an increase in consumer demand for dairy products, partially covered by imports.
