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.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
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Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
