Romanian food retail turnover to exceed RON 142 bln (over EUR 28 bln.)
Food retail turnover could exceed the threshold of RON 142 billion in 2021, amid the advance of consumption, but also the increase of inflationary pressures, according to a KeysFin analysis.
"Food retail turnover increased by almost 10 percent compared to 2019 and was 97 percent above the result of 2011, reaching the level of almost RON 130 billion in 2020. For 2021, KeysFin analysts estimate that the threshold of RON 142 billion will be exceeded on the background of the advance of consumption, but also of the accentuation of the inflationary pressures ", it is specified in the document.
The food retail industry had a total workforce of up to 225,000 employees in 2020, and the number of companies grew by 1 percent compared to 2019.