
Regional
Romania Embarks on Major Austerity Drive to Curb Soaring Budget Deficit
Romania introduces sweeping fiscal reforms from August 2025, including VAT hikes, pension taxes, and public spending cuts to address its growing budget deficit.
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Romania introduces sweeping fiscal reforms from August 2025, including VAT hikes, pension taxes, and public spending cuts to address its growing budget deficit.

Romania's new fiscal measures spark concern and debate amongst private sector entities, with significant tax alterations set to impact businesses and individuals alike
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