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In the Spotlight

Romanian Fiscal Reform Package Faces the Vote in Parliament - Short-Term Stability and Long-Term Risks

Opposition filed no-confidence vote on the fiscal package that the Government has assumed responsibility on Monday, July 7th. The document, read today in the joint Chambers of the Parliament, was inked by right-wing, sovereigntist AUR, POT, SOS and unaffiliated…

Romania’s new government: great expectations and a Messi to fix the mess

Romanian Parliament finally voted in a new coalition government, led by Liberal Prime Minister Ilie Bolojan. Monday’s vote ends months of political quarreling that threatened to derail the country’s pro-European stance and brought the economy on the brink…

Romania’s proposed new Cabinet: same old, some new, nothing spectacular

Romania’s pro-European parties agreed on the lineup for the future Cabinet after weeks of wrangling over the economic and fiscal measures needed to reduce the country’s huge public deficits and avoid a sovereign default. The details of the…

INSIGHTS

BY GRAYLING

CEE ON THE FRONTLINE A REGIONAL DEFENCE OVERVIEW JUNE 2025

The recently held 2025 NATO Summit marked a pivotal moment for the Alliance, with leaders agreeing to a historic increase in defence spending - raising the target from 2% to 5% of GDP by 2035. Prompted by renewed U.S. pressure and escalating global security threats, the summit emphasized the urgent need to scale up defence production, foster innovation, and deepen transatlantic defence industrial cooperation. These efforts aim to deliver a strategic leap forward in NATO’s collective defence capabilities. In sum, the CEE region is rapidly evolving into a cornerstone of European defence. While political divergences persist - particularly regarding the war in Ukraine- the overarching trajectory is one of increased investment, modernisation, and alignment with NATO and EU security objectives. The region’s ability to sustain this momentum will depend on continued political will, industrial capacity, and strategic coordination.

01 Jul • PDF

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LEGAL BRIEFS

BY TUCA ZBARCEA & ASOCIATII

Fiscal Bulletin - Tax June 20, 2025

Emergency Ordinance no. 107/2024 for regulating certain fiscal-budgetary measures in the field of management of budgetary receivables and budget deficit for the consolidated general budget of Romania in 2024, as well as for the amendment and completion of certain normative acts ("GEO 107/2024") Procedure for granting the bonus of 3% applied to the annual corporate income tax and microenterprise income tax for the fiscal year 2024/modified fiscal year starting in 2024, issued on 31.03.2025, approved by the Order of the Ministry of Finance no. 540/2025 ("Procedure for granting the bonus")

20 Jun • PDF

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