Fiscal measures like taxes on business figures will be found in prices, having an effect similar to VAT increase, says Dragos Anastasiu, president of Rethink Romania, at the 11th edition of the European business forum in Romania – Eurosfat, and event organized by Europuls- the European Expert Center. Anastasiu said that fiscal measures were adopted starting from the idea that if we do not take action, we will no longer receive 75 billion euros, but he thinks that Romania will get European money if the country is able to absorb European money. On the other hand, he declared that Romania must have structural reforms because it has a faulty general fiscal frame. Anastasiu considers this fiscal package addresses causes only partially and is trying to fill some holes, but these changes cannot be made overnight because it would leave in offside the whole business environment. He also spoke about the lack of equity, mentioning that it comes from three areas: the comparison between the budget sector and business, the latter suffering during the pandemic ; the inequity between various areas of the private environment, fiscal evasion – the biggest inequity towards companies which function correctly. Anastasiu gave as example tourism, a sector in which he works. He said he had an investment in the Danube Delta, in Sfantu Gheorghe and pointed out that his company was controlled by the authorities, while others were not because they did not have a functioning license.
Bucharest mayor Nicușor Dan has reaffirmed his commitment to running in the upcoming Romanian presidential elections, revealing plans to launch a donation website for his campaign in the near future. Speaking during an interview on Digi24, Dan estimated his campaign budget to be between EUR 2-3 million. The mayor also emphasized that his decision to […]
According to a study conducted by Raiffeisen Bank Romania in collaboration with Appinio, a global market research company, 3 in 10 Romanians feel Blue Monday as one of the most challenging days of the year. The main causes of emotional discomfort are cold weather, excessive holiday spending, and accumulated fatigue. Five out of ten Romanians […]
Former prime minister Victor Ponta, still a member of the Social Democratic Party (PSD) and an adviser to PM Marcel Ciolacu despite his pro-sovereignist statements, confirmed that he does not rule out entering this year's presidential race. He said, "I have no one to vote for," and indicated that the current ruling coalition has no […]
Romania’s gross domestic product (GDP) per capita, adjusted for purchasing power parity (PPP), reached 78% of the European Union average in 2023 (74% in 2022), according to data from the statistics office INS confirmed by Eurostat. Poland and Hungary followed closely, both at 77% of the EU average. The lowest GDP per capita relative to the EU average […]
Romania’s economy will accelerate to a 1.8% growth rate in 2025 and 2.5% in 2026, according to the forecast issued by UniCredit for the region. The strongest growth rate this year is expected in Serbia (over 4% y/y), with Slovakia (+1.6%) marking the weakest performance. Wages will continue to grow in the region, outpacing inflation and […]
The volume of natural gas used by Romania in the first eleven months of 2024 decreased by 2.7% y/y to 8.6 million tonnes of oil equivalent (toe) while its production edged up by 1% y/y to 6.9 million toe, according to data published by the statistics office INS. Imports of natural gas thus decreased by […]
