The fiscal measures package is very bad news for investors and we see a drastic drop in trust in a very short period of just a few months, Daniel Anghel, president of the Foreign Investors Council (FIC) said in a press release sent on Wednesday."Last year, the foreign investment flowin Romania was 10 billion euros, the highest amount in over a decade, reflecting more trust from companies. Unfortunately, these sudden moves in fiscal policy motivated only by the desire to bring more money to the budget in the short term will negatively affect not only perception, but also investments as such in a period of macroeconomic uncertainty. Authorities should think about how to attract new investments, not just how to tax the existing ones more, because there is a risk that they will decrease," said Daniel Anghel, president of FIC.The latest edition of the Business Sentiment Index (BSI), conducted by theForeign Investors Council, shows that investors' perception of Romania has deteriorated significantly due to the fiscal measures package. According to FIC, only one third of investors responding to the BSI consider the Romanian market attractive in the autumn of 2023, due to the impact of the fiscal measures package, while more than half of FIC members consider that the economic environment in Romania has worsened in the last period, reaching a seven-year low.Signals about the possibility of new taxes are leading companies to be more cautious about allocating budgets for new investments, 20% of respondents will reduce their investment plans for the coming period, and the number of those expecting revenues to increase in the coming months fell from 70% in March to 54% in October. Perceptions of regulatory constraints are near an eight-year low (only 3.8% of respondents consider our country to be competitive in this respect). At the same time, the tax burden has worsened compared to the last 4 years (53% of respondents marked Romania as uncompetitive).As many as 52 out of 116 FIC members responded at this edition of the perception index.The Foreign Investors Council is the association that brings together the most important investors with foreign capital in Romania, about 120 of the largest companies in the country with a cumulative turnover that represents one fifth of the gross domestic product and that have a significant contribution to the state budget.
Participation in cultural education activities continues to be limited, with the main barriers being difficult access, insufficient knowledge, and cost, the recently released Cultural Consumption Barometer 2024 shows. The report showed that many Romanians still associate culture with entertainment rather than with personal development or furthering their knowledge. The need for relaxation dominates in cultural […]
Roughly 84% of Romanians say that the pace of the state’s digitalization is slow or very slow, according to an Edge Institute & AtlasIntel study presented at the Digital Governance Summit 2025, which took place on Tuesday, November 25, at the presidential palace in Bucharest. The survey aims to capture the way citizens relate to […]
Romania’s Superior Council of Magistracy (CSM) issued a negative opinion on the new bill regarding magistrates’ pensions. The move is only the latest development concerning a heated issue that led to tensions between the executive and the judiciary branch. CSM’s opinion is consultative, and the government led by Ilie Bolojan can still take responsibility for […]
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
