Major warning from Wall Street to Romania. American banking giant: A steep fiscal correction is coming to Romania. Gradual depreciation of the leu. Financing needs higher than the official one - HotNews.ro

Romania starts the fiscal year with a real budget deficit close to 10%, warns Bank of America in a report analyzed by Profit.ro. The BNR is expected to postpone interest rate cuts until the summer. "The negative outlook for credit ratings appears justified." The article An American banking giant warns: A steep fiscal correction is coming to Romania. Gradual depreciation of the leu appeared first on Romania TV.

Romania starts the fiscal year with a real budget deficit close to 10%, warns Bank of America in a report analyzed by Profit.ro. The measures taken by the Government at the beginning of the year are insufficient, and additional adjustments are…

The Prime Minister's tattoo has faded, but the promise remains in force: VAT will not increase! And the Minister of Finance guarantees with his position that the value added tax will remain 19% in 2025. However, other measures will be taken in the fiscal reform. The plan assumed by Romania in Brussels provides for changes to labor taxation, profit and property taxes.

The Romanian economy starts 2025 with the headwind of the fiscal correction