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2025 ends in a technical recession; The anatomy of a year of fiscal and budgetary corrections

Our country went through one of the most tense periods in its recent history in 2025, a year in which political instability, budgetary imbalances and inflationary pressures formed a dangerous mix that pushed the economy to the limit of support....

Raport CBRE: Retailul rămâne motorul tranzacţiilor, industrialul domină cererea în 2026

După o perioadă de ajustări, piaţa imobiliară locală intră în 2026 cu o încredere sporită din partea investitorilor români, care au devenit un factor esenţial în susţinerea lichidităţii şi stabilităţii pieţei, manifestând un interes crescut atât...

CBRE Report: Retail remains the engine of transactions, industrial dominates demand in 2026

Cash pressure and fiscal volatility change the office market - coworking, on the rise in 2026

Alexandru Nazare stated: "The impact for all financing schemes is on a medium term of 5-7 years; they will have to be notified to the European Commission. We intend to approve this package together with the administration reform package."

Alexandru Nazare: Budgetary impact of 2.2 billion lei in the current year for the economic recovery

Upward trend on the BVB; investors looked beyond fiscal pressures

The indices of the Bucharest Stock Exchange (BVB) entered a strong upward trend in the second part of last year, after the outcome of the presidential elections in May confirmed the country's pro-European trajectory. The BET index, which...

Shock therapy for fiscal-budgetary consolidation

The second semester of last year marked our country's entry into a fiscal-budgetary consolidation phase forced by reality, after a first semester that pushed the deficit to 3.68% of Gross Domestic Product (GDP) and amplified the risk of a...

Second semester in numbers

July 1

Jocurile de noroc online, noua ţintă fiscală a UE?

Victor Negrescu, vicepreşedinte al Parlamentului European, doreşte ca Uniunea Europeană să introducă o taxă la nivel european pe profiturile companiilor din industria pariurilor şi jocurilor de noroc online, iar banii să fie direcţionaţi explicit...

Fourth quarter in numbers

• October 1

Budget on the edge - how fiscal slippage was avoided in 2025

The last quarter of 2025 was dominated by the effort of the Government led by Prime Minister Ilie Bolojan to keep Romania on the deficit path negotiated with Brussels and to avoid slippages that could have pushed public finances into a systemic...

December in numbers

• December 2

Government on the verge of collapse

The last month of last year was marked by reaching the budget deficit target agreed with the European Commission, especially since the signals for the Bologna government, regarding the budget execution in 11 months, were encouraging, as they...

Proiect de lege: impozit dublu pentru clădirile fără autorizaţie

Într-un context de presiune bugetară extremă, marcat de obligaţia reducerii deficitului public de la aproape 8% din PIB la sub 3% până în 2031, Guvernul mută deliberat centrul de greutate al finanţării publice spre nivelul local, nu prin...

Anul fiscal 2025 şi noile taxe din 2026; Impactul impozitelor asupra populaţiei şi companiilor

Reporter: Cum am încheiat anul 2025 din punct de vedere fiscal?

"The insurance sector within the ASF is poorly managed”

IMM Romania accuses: minimum wage increase - political barter behind entrepreneurs' backs

Kommersant analysis: Failed IPOs and investors withdrawing from the Russian capital market

The capital market in the Russian Federation ends 2025 in a state of collective frustration, with a mixture of dashed hopes, postponed promises and a reality that refuted almost all the optimistic scenarios built at the beginning of the year,...

The Bolojan government rewrites the budget, the economy stagnates

The economic and financial situation of our country has recognized a revival during the last month of autumn, even if the Government continued to allocate amounts for various investments financed from the national budget and from European funds....

Photo source: facebook.com/alexandru.nazare.5

Budget deficit target for 2025 - maintained at 8.4% of GDP

Organizaţiile patronale solicită eliminarea impozitului minim pe cifra de afaceri

În perspectiva construcţiei bugetului de stat pentru 2026, mediul de afaceri din România lansează un nou apel public şi ferm către decidenţii politici, solicitând eliminarea impozitului minim pe cifra de afaceri (IMCA), o măsură introdusă cu...

Employers' organizations call for the elimination of the minimum turnover tax

The President of IMM Romania said bluntly that the entrepreneurial environment was thrown into a year of "resilience, not investment", a year in which companies were forced to "survive, not develop". With almost 900,000 companies analyzed for the National Top of Private Companies in Romania and over 600,000 that reported profit for 2024, Florin Jianu drew attention to the fact that "Romania's true champions are the entrepreneurs who teach us the lesson of courage, perseverance and responsibility".

Romanian entrepreneurs demand an end to fiscal chaos and predictability

Special pension reform - blocked by the CCR

Austerity measures do not meet budget spending

The third quarter of 2025 was dominated by the efforts of the Government led by Prime Minister Ilie Bolojan to restore macroeconomic balance through firm, often unpopular measures. After a first semester marked by a deficit of 3.68% of GDP and...

Aderarea României la OCDE - un pod prea îndepărtat sau suntem pe ultima sută de metri?

Discuţiile de aderare a României la Organizaţia pentru Cooperare şi Dezvoltare Economică (OCDE) au început în urmă cu trei ani şi România pare să fie printre candidaţii destul de avansaţi în procesul de admitere, cu un roadmap aprobat şi opinii...

Economists: Reconstruction - a condition for a competitive economy

Austerity and reforms

The end of the summer calendar recorded a tense economic and political reality in our country, in which the governing coalition was forced to combine financial stability measures with attempts to restore confidence in the population and external...

Guarantees for SMEs and investments in research - PSD promises for economic recovery

Retail trade in collapse: although turnover is increasing, volumes have decreased drastically

The National Institute of Statistics published a press release yesterday showing that in July 2025 the volume of turnover in retail trade (excluding trade in motor vehicles and motorcycles) increased compared to June 2025, both as a gross series...

The business environment, the target of the new taxes and fees proposed by the Bolojan government

The increase in taxation of gains from stock market transactions, the increase in the tax on gains resulting from cryptocurrency transactions, the increase in the housing tax, the reform of the retirement system for magistrates, the increase in...

Difficult week for Bolojan: Government assumes responsibility for Package 2

The first fiscal package, Bolojan's gift

The middle of the calendar summer represented a turning point for our country, marked by a tense economic, financial and political climate, which led to the first firm decisions of the Bolojan Government towards stabilizing public finances and...

Lies have short legs. Illustration by MAKE

ASF and Government change the rules: the right to payment in a single installment of private pension, canceled in the new bill

Private pension funds are very liquid and can handle payments without any problem, including the peak in payments expected to occur in ten to fifteen years, Radu Crăciun, president of the Association for Privately Administered Pensions in Romania...