Market dynamics – Romania: Consumer turnover has been flat for four months, affected by tax changes on dividends, VAT, and pending real-estate tax adjustments. Operational performance – Additional recurring costs come from digital platforms and cybersecurity investments.Half of other expense increases relate to non‑recurring legal and management‑transition fees linked to new tax legislation.Increase in administrative expenses largely due to recurring amortization of photovoltaic plants.Portfoli ....
