Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Romanian Businessmen Association: Romania at a Crossroads

Romanian Businessmen Association: Romania at a Crossroads

December 23, 2024

* Pragmatism and Immediate Action, Not Illusions, Will Ensure a Better Standard of Living and Economic Growth.   “Romania is navigating a period of profound political, social, and economic turmoil. The recent presidential elections have exposed structural vulnerabilities and chronic dysfunctions within mainstream political parties and democratic mechanisms. It is clear that now, more than ever, we need rapid regrouping and reorganization to maintain the country’s European and Euro-Atlantic trajectory,” says a press release by the Romanian Businessmen Association (AOAR).   The association argues that the past days have shown just how susceptible our political system is to populism and external influences. “Alarmingly, simplistic messages that reduce complex issues to facile solutions are gaining traction, feeding people’s frustrations and fears. Phrases like “Love will save Romania,” or “Romania can only be saved by God and Eminescu,” and other mystical rhetoric are harmful at a time when the country needs decisions grounded in hard work, competence, and clear strategies.”   In their view, there are some necessary actions to maintain Romania’s European and Euro-Atlantic Direction. Implementation of PNRR ReformsFurther delays risk jeopardizing access to essential funds for infrastructure development and economic modernization. Fiscal ResponsibilityPopulist policies leading to debt accumulation must be halted, and a sustainable budget must be restored. Democracy StrengtheningClear measures are needed to counter disinformation and manipulation on social media—issues that were exploited during this electoral campaign. The Role of Entrepreneurs: Entrepreneurs drive economic growth, create jobs, and contribute to the development of local communities. Their innovation and investments are essential to improving the population’s standard of living. “Romania cannot afford to remain trapped in a vicious cycle of crises and indecision. Amid this chaos, we welcome Ilie Bolojan’s appointment as leader of the PNL. His leadership marks a vital strategic step toward revitalizing the party. Similar changes are necessary within the PSD. It is time to regroup and work together without resorting to easy or mystical solutions. The modern voter is no longer a passive beneficiary of populist measures but is part of an emerging, independent class with its own expectations and ideas. As a society, we must channel this energy into constructive dialogue and provide real answers to people’s needs. Our European and Euro-Atlantic Future Depends on Concrete, Committed, and Responsible Actions,” concludes the association.

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/romanian-businessmen-association-romania-at-a-crossroads/111503
Read in full - click here
EIB grants EUR 25 mln loan to Agricover to support Romanian farmers

Romanian farmers are set to benefit from improved access to financing following a EUR 25 million loan granted by the European Investment Bank (EIB) to Agricover Credit IFN SA, aimed at supporting micro agricultural businesses across the country. The funding will be provided under the InvestEU mandate and is intended to boost productivity and promote […]

Report: Romanians satisfied with their homes, but housing costs weigh on budgets

Romanians rank among the most satisfied homeowners in Europe, but rising housing-related costs continue to put significant pressure on household budgets, according to the RE/MAX European Housing Trend Report 2025.  The study showed that 81% of Romanians are happy with their living situation, above the European average of 77%, while 83% live in owner-occupied properties, […]

Romanian judge wins ECHR case after disciplinary sanctions for two Facebook posts

The Grand Chamber of the European Court of Human Rights (ECHR) on December 15 ruled in favor of judge Cristi Danileţ in his case against Romania and ruled that the Romanian authorities had violated Article 10 of the European Convention on Human Rights that guarantees freedom of expression, which includes the right to hold opinions […]

Romanian car battery maker Rombat fined EUR 20 mln by European Commission for collusion

Romanian car battery producer Rombat SA has been fined a total of EUR 20.2 million by the European Commission for breaching European Union competition rules, the Commission said in a decision announced on December 15. Rombat is a subsidiary of the South African automotive components group Metair. The Commission found that Rombat participated in anti-competitive […]

Romania’s industrial output maintains positive momentum in October

Romania’s industrial output rose by 0.3% y/y in October, despite a negative performance (-0.3% y/y) in the core manufacturing segment, thanks to a robust 6.6% y/y advance in the segment of utilities, according to data published by the statistics office INS. On a monthly basis, the seasonally-adjusted industrial output advanced by 0.4% m/m despite 0.5% […]

Romania’s gross external debt rises EUR 22 bln ytd to 61% of GDP at end-October

Romania’s gross external debt increased by EUR 22 billion in the first ten months of 2025 to reach EUR 225.5 billion at the end of October, equivalent to 61% of gross domestic product (GDP), according to data published by the National Bank (BNR). Long-term liabilities accounted for 78.7% of the total stock. BNR data showed […]