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.
S&P Global Ratings has reconfirmed Romania's sovereign debt rating at BBB-/A-3 for long-term and short-term debt on 3 April 2026, while maintaining the negative outlook.
As Easter approaches, Romanians are preparing their shopping lists for gifts, food and household items. While people may make impulse purchases during this period, they show more restraint compared to winter holidays or Black Friday sales, according to the Financial Seasons Barometer conducted by CFA Romania Association with support from UniCredit Bank.
The Romanian Government has officially approved an emergency ordinance aimed at providing relief for the energy market through a temporary reduction in diesel excise duties.
Auchan Romania is consolidating its transition to green energy, accelerating the integration of renewable sources in its operations.
Purcari Wineries has announced that its Romanian subsidiary Crama Ceptura has signed an agreement to acquire 100% of the share capital of CaraprodVin, a wine producer located in Vârstecoiu Commune, Vrancea County.