Romania's state-owned energy producer Hidroelectrica will commission the long-delayed Răstolița hydropower plant in Mureș County by the end of 2025, following government approval for the deforestation of over 30 hectares required to finalize the project,
The Concordia Employers' Confederation reiterated its concern about the proposed tax increases, which will affect the competitiveness of Romanian companies and reduce the purchasing power of citizens. "We draw attention to the fact that budgetary balance should be pursued primarily through efficiency and more efficient fiscal administration, and less through measures that would tighten the […]
Market participants have voiced strong reservations about the Romanian government’s proposal to increase the capital gains tax rate on stock market transactions to 10% (from 1%-3% currently), citing potential disruptions to investor confidence and market stability. The proposal, part of the fiscal agenda included in prime minister Ilie Bolojan’s ruling programme has prompted responses from […]
The Romanian Banking Employers' Council (CPBR) expressed strong opposition on June 25 to a proposed new tax on so-called "excessive profits" in the banking sector, which was included in the government's 2025–2028 Ruling Programme. The association warned that the measure could generate adverse economic and social consequences despite offering the illusion of short-term fiscal relief. […]
The 2025-2028 Ruling Program published by the government of prime minister Ilie Bolojan is “the best in past 35 years [since the fall of communism]” and could avoid the need to hike the standard VAT rate from 19% currently, according to Eugen Rădulescu, advisor to the central bank (BNR) governor quoted by
The new government's ruling program sets out a comprehensive and ambitious agenda to modernise Romania's public sector, enhance state efficiency, and ensure fiscal sustainability, all while promoting fairness and respect for citizens. The reform effort is structured around multiple strategic pillars, ranging from structural reforms...
Romania’s new government has published the 2025-2028 Ruling Programme, an 88-page document that lays the foundation for broad reforms aimed at modernizing the state and particularly bringing sustainability to public finances after the fiscal slippage that resulted in a 9.3%-of-GDP public deficit last year. The sections dedicated...
