The rigid approach, of tightening the fiscal environment, is the worst option that the Government can take at the present time, said Adrian Izvoranu, vice-president of the Romanian Employers' Confederation of Industry, Agriculture, Constructions and Services, on Tuesday."In general, this rigid approach, of tightening the fiscal environment, is the worst option that the Government can take at the present time. If it wants money, the finance minister must relax the fiscal environment and not harden it. He must diversify and increase his collection base. He has to have somewhere to collect, he has to computerize and upgrade its collection apparatus. And that's about it," Adrian Izvoranu told the press conference on "What do we do with Romania's economy?", organized by the Association for Economic and Social Studies and Forecasts, the Chamber of Industry and Commerce of Romania and Romanian Employers' Confederation of Industry, Agriculture, Constructions and Services".He also spoke categorically against an increase in taxation and VAT."Increasing VAT and, in general, increasing taxes is an unfortunate measure, the worst that can be taken and will never bring extra money," said Adrian Izvoranu.The Government approved, on December 30, 2024, the Emergency Ordinance on some fiscal-budgetary measures in the field of public spending, for the substantiation of the consolidated general budget for 2025, for amending and supplementing some normative acts, as well as for the extension of some deadlines.
Romania has signed a major contract with France for the acquisition of Mistral portable short-range air defense missile systems. The agreement was concluded on Tuesday, November 25, between Romania’s Ministry of National Defense and France’s Ministry of the Armed Forces and Veterans, through their respective General Directorates for Armaments. The acquisition is valued at EUR […]
The European Parliament called on November 26 for EU-wide rules to strengthen the protection of minors online, recommending a minimum age of sixteen for accessing social networks, video-sharing platforms, and AI chatbots, according to a statement from the institution,
The government of Romania will be empowered to establish, ex officio or upon request, by Government Decision, an extended surveillance regime over local companies strongly affected by economic sanctions imposed by other states, according to the legislative project prepared by the government, given that the situation of the assets held by the Russian giant Lukoil […]
The European Commission (EC) will reportedly give Romania four more months to appoint permanent management under competitive procedures at 48 state-owned enterprises (SOEs) in the energy sector, after the Romanian government agreed to double the fine paid by the country and the penalties charged to those responsible (ministers) if the milestone set under the Resilience […]
The Romanian banks boasted in 2025 virtually the same record aggregated net profit as in 2024, namely RON 11.6 billion (EUR 2.3 billion, -0.6% y/y) in January-September and RON 6.2 billion (EUR 828 million, -0.3% y/y) in Q3 alone, according to data published by the National Bank of Romania. The non-performing loan (NPL) ratio has […]
The Romanian Parliament approved the National Defense Strategy on Wednesday, November 26, with 314 votes in favor, 43 against, and three abstentions, following a joint session attended by president Nicușor Dan. The document will guide national security policy for the 2025-2030 period. During the parliamentary debate, Ana Maria Gavrilă, leader of the opposition party POT, […]
