The automotive sector represented at the national level by the Romanian Automobile Manufacturers Association (ACAROM) declares itself shocked by the new fiscal budget measures aimed at the Rabla and Rabla Plus (scrappage) schemes, announced in the draft Emergency Ordinance published by the Ministry of Finance on Thursday."After the adoption of some fiscal measures that were not previously discussed with the business environment, which directly impact the automotive sector (taxation with 1% of turnover, tax on micro-enterprises, etc.), we've learned with astonishment that the Ministry of Finance (the Government of Romania) is proposing new measures the enforcement of which will seriously impact the automotive sector in Romania. Thus, the change in a completely unforeseen and unbalanced way of the amount of vouchers offered under the Rabla scheme (to half of the current value) and the Rabla Plus scheme (to 1/5 of the current value) will lead to a collapse of the new vehicle market, combined with an exponential increase in the import of used vehicles. In 2023, we expect the new car market to reach 145,000 units, with the major contribution of the Rabla and Rabla Plus schemes," claim ACAROM representatives, in a press release sent on Thursday.According to the source, under the conditions of the announced measures, these schemes lose their attractiveness and thus the forecast for 2024 is disastrous, i.e. a market of new vehicles of a maximum of 80,000 units, with a direct negative impact on jobs in the sector and the turnover of Romanian companies from the automotive field."At the same time, we emphasize that the decrease in the values of the vouchers granted through the 2 scrappage schemes will affect the possibility of Romanian citizens to purchase new, less polluting vehicles. Thus, the beneficial effect of the running of the schemes in previous years is canceled: the increase in the share of hybrid, electrified and electric vehicles, having as a direct consequence, the increase in imports of second-hand, more polluting and unsafe vehicles," the professional association mentions.
Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]
The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]
Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]
Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]
Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]
Another 93 searches were carried out at public institutions and private residences on Thursday, July 3, in the case of illegally-obtained Romanian identity documents for citizens of former USSR countries. Earlier this week, Romanian police completed 206 searches in the same case. Prosecutors claim that between 2023–2024, over 1,700 individuals born in the Russian Federation, […]
