Postponing bill payments or capping energy prices will trigger chain negative effects, and the adequate solutions are VAT cutting or VAT exemption for gas and energy, the Romanian Power Suppliers Association (AFEER) said in a release on Friday.AFEER has taken note of the set of measures announced by the European Commission for EU member states to apply in order to reign in the impact of the explosive rise in energy prices. It falls on the authorities in each country to decide which measures in the set unveiled by the EC will be implemented, in accordance with their own policies."We reiterate our stance that both short-term and long-term solutions are urgently needed, but their impact must be properly assessed. Although they could appear as a support for eligible consumers, measures such as price capping and/or postponing the payment of consumer bills are not the most appropriate and beneficial because they will trigger chain harmful effects after application. We say this because the consumers who will defer their electricity and/or gas payment obligations in the next period will pile up large debts that will add to next year's consumption. Moreover, we have all seen that a measure such as postponing bill payments, which was applied during the state of emergency, did not resolve the situation. On the contrary, it has led to rescheduling of payments for consumers and great cash flow difficulties for suppliers," the release states."AFEER came to the aid of the authorities with concrete proposals to lower consumer bills. Cutting the VAT on electricity and gas or a VAT exemption for these utilities, the excise exemption and the partial coverage of the utility bills by the prompt enforcement of the Vulnerable Consumer Law are the association's proposals for the immediate reduction of consumer bills," the cited source states.The representatives of the power suppliers also argue the VAT reduction or VAT exemption for energy will indirectly impact all consumers, lowering the increase in final product prices.
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
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
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 […]
