Don't Just Read the News, Understand It.
Published loading...Updated

Economic Tsunami Hits Romania: Brutal Austerity Package Revealed by New Government

Summary by Valahia.News
Romania’s government, led by Prime Minister Ilie Bolojan, has announced a comprehensive and brutal austerity package aimed at addressing the country’s record-high budget deficit. The measures, among the most drastic in recent years, are set to impact a broad spectrum of the population and the public sector. Key Measures in the Austerity Package VAT Increases and Restructuring: The value-added tax system will be simplified from three thresholds t…

15 Articles

All
Left
1
Center
1
Right
2

Huge gifts from previous governments to their clients drove up Romania's debt. But saving is dangerous. Does the new government strengthen the EU opponents?

·Frankfurt, Germany
Read Full Article
Lean Right

Ilie Bolojan's Affiliation Union has reacted severely after the austerity measures announced on Wednesday by Ilie Bolojan, accusing him of "authorism" and "disrespective of people's needs". The government union article condemns the austere measures announced by Ilie Bolojan: "All these decisions today are a front-end attack on every citizen's address" appeared for the first time in Romania TV.

Read Full Article
Lean Left

Romania faces the most serious budgetary crisis in the last 15 years, and in order to avoid the disaster, the Bolojan Government proposes these austerity measures that are not necessarily intended to solve the problem of budgetary deficit, but...

·Romania
Read Full Article
Center

AUR responded after Ilie Bolojan's announcement on fiscal measures to reduce budgetary deficit, calling for "the immediate opening of this illegal and criminal austerity". George Simeon's party said it will fight with all parliamentary and civil means to protect the rights of the Roma.

·Romania
Read Full Article

Romania, hit new tax! What major changes will take place in August. The Romanian Government will implement tax increases and cost reforms starting on 1 August, in an attempt to limit the budget deficit in growth and to avoid an imminent financial crisis, announced Prime Minister Ilie Bolojan. These measures include increases in [...]

·Romania
Read Full Article

The Romans are hit by new taxes and taxes. Prime Minister Ilie Bolojan announced a wide range of tax measures that will enter into force on 1 August, with a view to reducing budget deficit. Costs for...

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Right
50% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Portfolio.hu broke the news in on Wednesday, July 2, 2025.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.

Join millions of well-informed readers who use Ground to compare coverage, check their news blindspots, and challenge their worldview.