Romanian business associations have renewed their call for the elimination of the minimum tax on turnover (IMCA) ahead of the 2026 state budget discussions, citing significant negative impacts on investment decisions.
Romania's government has proposed a new fiscal package aimed at reducing the budget deficit, which includes significant changes to profit taxation for multinational companies.
Romania's Minister of Finance Alexandru Nazare has announced changes to the tax regime of multinational firms as part of a wider effort to increase revenues to the budget.
Romania's Government aims to double the special turnover tax for banks to 4% as part of a wider fiscal package designed to balance public finances.
EY Romania has announced the promotion of Răzvan Ungureanu to Partner within its Tax Advisory department, effective July 2025.
Representatives of Romanian banks are opposing the Government's intention to introduce another supplementary tax on the profits generated by credit institutions.
Government representatives have participated in a series of consultations with Romania's international financial partners to analyze latest financial and economic developments.
As of April 2020, Romania has been in the excessive deficit procedure (EDP), as a result of exceeding, in 2019, the 3% budget deficit limit set in the Stability and Growth Pact (SGP).
The taxes paid online represented almost 60% of the total value of local taxes paid with Visa cards in 2023.
eMAG Group announces investments of €300 million for the next fiscal year and accelerates online commerce development through AI.
MedLife Group has implemented an advanced integrated robotic neurosurgery system at MedLife Polisano Hospital in Sibiu, following an investment of over €2 million.
Consumer products brands are shifting from competing for visibility to competing for algorithmic selection, according to an EY report.
Romania has risen in Europe's investment destination rankings, becoming one of the most attractive markets in the region alongside Poland for international investors, according to PwC Global CEO Survey 2026 data.
Small and mid-sized retailers lost approximately €3.2 million in profit over the past year due to inventory errors, according to internal data from Selectsoft, a Romanian provider of ERP solutions for SMEs.