The turnover tax and the reduction of certain facilities with regard to the VAT payment could have an impact on inflation of 1 to 2 percentage points next year, stated on Monday Adrian Codirlasu, vice chairman of the Association CFA Romania."I am in favour of a single quota applicable to all and non-discriminatory. A facility applies, but it can apply for a limited time, that facility takes effect, then we reduce it, we take it away. Also in this sense of, let us say tax fairness, there is a study done last year by the Fiscal Council which even said that if we removed these facilities it would bring to the state budget somewhere around 2% of GDP additional revenue. We would not have had these problems this year if we had applied those measures proposed by that study. On the specific taxation that is happening now, basically additional taxes have been put on companies. So basically the government wants more money and is taking that money from the consumer, from the population through the companies. In the sense that a turnover tax is a VAT. VAT is a turnover tax. Also, a turnover tax is actually a VAT on steroids. In what sense? The bigger the supply chain, the more 1% is added at each point and the final price to the consumer is more than 1%. That's why I see an impact on inflation next year, maybe somewhere between 1 and 1.5, 2 percentage points, which will come both from this turnover tax and somehow from the reduction of certain facilities regarding the payment of VAT", said Adrian Codirla?u, at the 4th edition of the Roinvest event.Similarly, the vice chairman of the Association CFA Romania considered that it is possible to have such episodes of reduction of the fiscal facilities next year as well.‘Next year, according to my opinion we will have another episode of increase of taxes, as we will not get to reach the target, under 3% of GDP. In any case, we will not reach it next year, maybe at the pace we have today, somewhere in 2025 – 2026’ explained Adrian Codirlasu, vice-chairman of the Association CFA Romania.
Romania registers one of the highest shares in Europe of people aged over 16 with disabilities who are at risk of poverty or social exclusion, according to Eurostat data processed by Monitorul Social, a project of Friedrich-Ebert-Stiftung Romania. A total of 38.4% of people with disabilities in the country were at risk of poverty or […]
New research by Revolut Business among 150 Romanian business decision-makers (CEOs, CFOs, and COOs) revealed that local companies prefer to invest their money in modernizing their IT infrastructure and automating outdated systems rather than in artificial intelligence. When asked where the largest budget increase will go this year, ‘modernizing IT infrastructure and cloud migration’ takes […]
Romania’s modern retail market surpassed the 5 million sqm threshold in 2025, following the delivery of around 190,000 sqm of new retail space, about 20% above the average of the past five years, according to an annual report by Colliers. Despite a more moderate economic backdrop, 2026 is expected to bring roughly 240,000 sqm of […]
Romanian business leaders remain optimistic for 2026, with 86% of C-suite executives surveyed in Forvis Mazars's C-suite barometer: outlook 2026 expecting growth. This is slightly below the 92% reported globally and down from 90% in 2025. While confidence is strong locally, Romanian executives are more cautious than their global peers, reflecting the region's economic and […]
As one of the largest economies in the world, Germany is without a doubt one of the best countries to do business in. Economic stability, excellent infrastructure, and trade cooperation with nations worldwide are some of the reasons to launch a company here; however, they are not the only ones. What makes Germany appealing for […]
One United Properties (BVB: ONE) recorded total residential sales and pre-sales of EUR 174.1 million in 2025, corresponding to 57,018 sqm of residential and commercial spaces. These results reflect the sale and pre-sale of 577 apartments and commercial units, as well as 768 parking spaces, and represent a 18% price increase. The 18% increase in […]
