Recovery of Ukraine - Re-development, investment, construction challenges and opportunities
Chair: Sergii Stoliarchuk, CEO, Maxify
Conversation participants:
Sergii Fedorik, Founder, KEY Group
Alexey Persits, Associate Director, Senior Banker, Property and Tourism, EBRD
Daniel Puchalski, Managing Partner and Co-Founder, immo lab.re
Igor Raikov, Founder & CEO, Spilnota
Olena Stakhurska, Partner, Taylor Wessing
Roland Weber, CEO, Green Towers GmbH
Roman Yemets, CEO, Smart Urban Solutions
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).
In the December 2024 business cycle survey, managers in the manufacturing industry forecast a moderate decrease in the volume of production for the next three months.
Bringing forward the timetable for elimination of tax facilities for the IT industry, starting January 2025, is a deeply negative signal towards a strategic sector of the economy.
On the other hand, 28% say they are optimistic about the year ahead, with a significantly higher percentage among those with incomes over RON 6,000 (33%).
The elimination of the holiday vouchers will freeze or cancel investments in tourism infrastructure.
