Romanian fish market expands to €350 millionStaff Writer | August 12, 2016
In 2016, Romania’s fish sales rose 3% to €350 million thanks to a number of factors, including the rise in domestic demand and the government’s move to reduce the value-added tax (VAT) on fish.
Healthy food There have been some positive developments
“However, we have reported a noticeable growth in the consumption of fish over the past three years, and this is a good sign.”
According to Darmanescu, the Romanian government’s decision to cut the VAT on various food products, including fish, was one of the most important factors which contributed to the rise in domestic fish consumption.
As of June 1, 2015, the VAT on fish and various other food products was reduced from the previous rate of 24 per cent to 9 per cent.
Romfood Trading markets its output in the Romanian market under the brand of Alfredo Seafood. The company specialises in salmon and tuna, as well as various seafood products, according to data from Romfood Trading.
In addition to Romfood Trading, other major companies active in the country’s fish and seafood industry include Negro 2000, Ocean Fish, Bonito and Peștișorul de Aur (Golden Fish). ■