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.
BCR recorded a net profit of RON 1.47 billion (€294 million) in H1 2025, a 12% increase from the same period last year. This performance was driven by an improved operational performance and a higher volume of customer business.
BRD-Groupe Société Générale has announced the appointment of Jean Pierre Georges Vigroux, an independent Board Member, as the Interim Chairman of its Board of Directors.
OMV Petrom registered a net profit of RON 2.08 billion (€419.7 million) in H1 2025, a 21% decrease compared to RON 2.62 billion (€528.2 million) in the same period last year.
The Romanian Ministry of Finance is conducting a new IPO for Fidelis government bonds, specifically for retail investors.
Bucharest recorded 8,639 insolvency cases between August 2024 and July 2025, which is a 32% increase compared to the previous 12-month period.