Romania: Retail Food Sector Annual 2005

Report Highlights:
Romania has one of the fastest growing economies in Europe; GDP expanded by 8.3 percent in 2004. The retail sector, currently valued at $11.6 bill, has developed very rapidly, but it is still in its infancy, as traditional trade represents over 75% of total trade. Sales growth remains on a strong positive trend and the sector has attracted significant investment from multinational chains. The retail trade is expected to grow by an average annual rate of 7.4% over 2004-2007. Agri-food imports continue to expand, with an increasing market share for United States especially for read meat, frozen fish & seafood, and distilled spirits.