Romania's consolidated general budget recorded a deficit of €21.8 billion (RON 108.87 billion) in the first ten months of 2025, representing 5.72% of GDP. This marks a decrease of €110 million compared to the same period in 2024, when the deficit stood at 6.22% of GDP.
The government has committed to a stable tax environment for the next fiscal year, officially confirming that the VAT will not be increased.
Romania has secured the European Commission's agreement to replace the National Recovery and Resilience Plan (PNRR) milestone concerning the reduction of the VAT gap.
Property transactions in Romania fell by nearly 1% in the first two months after the VAT increase compared to August-September 2024, but rose over 10% compared to May-June transactions, according to official data from the National Agency for Cadastre and Real Estate Advertising (ANCPI).
Over 119,500 residential units were sold in Romania in the first nine months of 2025, a similar level with that recorded in the same period of 2024 (down only 0.3%), according to a market analysis by SVN Romania and based on official statistics of the National Agency for Cadastre and Land Registration.
Romania's inflation will finish the year at 9.6%, according to ING Bank Romania economists. This projection comes as the country's inflation is expected...
After several years of record demand, Romania's residential market entered 2025 in a cooling phase, marked by cautious buyer sentiment. Consumer confidence recorded the steepest half-yearly decline since the 2009-2010 crisis, excluding the temporary pandemic shock when optimism quickly rebounded, according to Colliers consultants. They note the deterioration runs deeper and is expected to last longer, fueled by labor market slowdown, political instability and fiscal changes eroding purchasing power.
Romania's annual inflation rate rose to 9.9% in August, up from 7.84% in July, driven by growth of prices for non-food goods (10.48%), services (9.85%), and food products (8.92%).
The residential market in Bucharest returned to a rhythm more in line with previous years, following the record-breaking July, according to an analysis of Fortim Trusted Advisors.
Starting August 1, Romania's new fiscal package increased the standard VAT rate from 19% to 21%. It also merged the 5% and 9% reduced rates into a single 11% rate.
Romania's residential market experienced a significant surge in July, with a record number of apartment sales recorded in Bucharest and other major cities.
The increase in VAT to 21% for new homes is having a direct impact on pricing and sales strategies in the residential market, with effects already becoming visible, according to Valentin Neagu, Managing Director at Crosspoint Real Estate.
Romania is bracing for a period of economic stagnation in 2025, with growth forecasts significantly dampened by new fiscal austerity measures.
Romania's fiscal package is expected to have a substantial budgetary impact, estimated at 1.1% of GDP this year and 3.5% in 2026, finds an analysis by Fitch Ratings.
Inflation will increase over the planned fiscal package announced by Romania's Government, which includes the increase of fuel excises.
Romanian PM Ilie Bolojan announced on Wednesday a raft of measures designed to support the reduction of the country's budget deficit.
The new 21,000 sqm facility will feature state-of-the-art manufacturing technologies, attractive offices and an employee canteen.
Food Angels Hub, Romania's first investment community dedicated to the food sector, has launched with a mission to develop and scale companies operating in food production.
Romania's economy grew 0.8% on the gross series and 1.4% on the seasonally adjusted series in the first nine months of 2025 compared to the same period in 2024.
Vastint Romania has announced the opening of Saint Roastery Botanica urban café in Business Garden Bucharest.
Nearly half of Romanians would invest in battery storage systems for green energy if they received government subsidies, according to a study conducted for despre-energie.ro, a project by E.ON and Delgaz Grid companies.
Despite 68% of Romanians claiming familiarity with sustainability, only a quarter consistently use it in daily decisions.