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.
The shares of four other companies listed on the Bucharest Stock Exchange (BVB) will be included in the MSCI Frontier, MSCI Romania, MSCI Frontier IMI and MSCI Romania IMI. Romania will thus have 30 listed companies part of the MSCI indices as of June 1, 2024. The shares of telecom group Digi Communications (DIGI)...
DP World announced on May 15 the opening of three new sites in Romania, following total investments of over EUR 130 million. The company said the projects aim to provide “a significant boost to the country’s growing status as a key hub of European trade.” Thus, Constanta, the largest container port on the Black Sea, […]
Measuring the confidence of Romanian managers and entrepreneurs in the local economy for over 4 years, the results of the 10th edition of the CONFIDEX study highlight the optimism, resilience, and adaptability of the Romanian business environment. According to the CONFIDEX study from the first semester of this year, the proportion of managers who declare […]
Alternative investment fund BT Property said on May 15 that it acquired Funshop Park Turda, Cluj county, from the Polish group Scallier. The transaction marks the fund's entry into the retail market, where it aims to expand. Funshop Park Turda retail park has over 9,000 sqm of leasable area and BREEAM-certified buildings, according to international standards. BT Asset […]
Attractive Romania/România Atractivă was launched this week with the aim of offering local and foreign tourists a new tool to explore the country. The multimedia platform includes 12 thematic routes in 35 counties, listing 275 landmarks to discover. The program, with a value of over RON 36.3 million, is part of the National Recovery and Resilience […]
It’s a packed agenda this week, with film festivals, art and jewelry fairs, events for foodies, the start of the light and music show at Bucharest’s Unirii fountains, and an anniversary but slimmed-down edition of the Night of Museums. The public in Iași can attend the events of the Romanian Creative Week, while theater fans […]
