Economy | 17 July, 2025 at 9:15 AM
Romania faces “mild recession” risk, says ING
Romania is bracing for a period of economic stagnation in 2025, with growth forecasts significantly dampened by new fiscal austerity measures.
Romania is bracing for a period of economic stagnation in 2025, with growth forecasts significantly dampened by new fiscal austerity measures.
Over the past decade, Romania has faced increasing pressure - both from domestic and from international institutions - to modernize its property tax system. With structural challenges in housing affordability and significant fiscal constraints at the national level, local tax reform, as outlined in the National Recovery and Resilience Plan (PNRR), has emerged as a critical priority, writes Daniel Grigore, Director, Corporate Income Tax, Deloitte Romania.
Representatives of Romanian banks are opposing the Government's intention to introduce another supplementary tax on the profits generated by credit institutions.
The 19th edition of the Annual Tax Conference organized by EY Romania brought together over 250 business representatives.
Significant disparities in tax rates and competitiveness indicators across the CEE region.
Foreign direct investment (FDI) in Romania experienced a notable reduction in 2024, according to data compiled by the National Bank of Romania (BNR) and INS.
The Romanian Competition Council has authorised the acquisition of Agrifirm Magyarország Zrt. by UBM Grain Zrt., part of the UBM Group.
Romanian engineering and green energy group Simtel Team has announced the signing of a significant contract valued at €43 million (excluding VAT) with Hepa Energy, owned by a lead company from Israel.
Oil major OMV Petrom has announced the completion of its acquisition of a 50% stake in the Gabare photovoltaic project, which is being developed by Enery in Bulgaria.
The European Bank for Reconstruction and Development (EBRD) has approved a new country strategy for Romania, which will guide its investments and policy engagement.