Romanian Tour Operators Keep Prices Unchanged After VAT Hike

Romanian tour operators members of the National Association of Tour Operators, or ANAT, won’t raise prices on summer vacation packages after the 5-point hike in the value added tax, the association said in a statement Thursday.

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It said tour operators are making efforts to keep prices unchanged after the Government raised the VAT to 24% from 19% as of July 1, as demand is already low because of the crisis.

According to ANAT, sales for certain tourist destinations have dropped 20-40% on the year in the past two months, because of the Government's planned austerity measures.

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