{"id":7744,"date":"2025-11-17T14:01:08","date_gmt":"2025-11-17T14:01:08","guid":{"rendered":"https:\/\/ofero.news\/?p=7744"},"modified":"2025-11-17T14:01:08","modified_gmt":"2025-11-17T14:01:08","slug":"romanians-to-also-face-economic-difficulties-next-year-but-2027-more-hopeful-president-says","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=7744","title":{"rendered":"Romanians to also face economic difficulties next year but 2027 more hopeful, president says"},"content":{"rendered":"

Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan<\/strong> during an interview with Romania TV<\/a>.<\/p>\n

The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle it, it increased the TVA, several other taxes, liberalized the energy market, and planned a reduction in public expenditure.\u00a0<\/p>\n

Overall, the measures were a success, and thanks to them, Romania avoided a downgrade on the financial markets, but \u201cmaybe things could have been done differently,\u201d Nicusor Dan said.\u00a0<\/p>\n

The price has been steep. The annual inflation rate<\/a> in Romania in October 2025 was 9.8%, adding pressure on savings and investments. Inflation led to a contraction in real wages<\/a>. However, Romania avoided worse outcomes, according to the president.<\/p>\n

\u201cWe were forced to take some measures because Romania borrowed from investment funds, banks, and these people said: if you don\u2019t reduce the deficit, some of us will withdraw, others will lend to you at an even higher cost. So we were entering a vicious circle, and the consequence was that instead of having 10% inflation, we could have had 20\u201330% inflation,\u201d the president argued.<\/p>\n

He added that we must also look to the future with hope, arguing that the Romanian economy has certain opportunities.<\/p>\n

\u201cThings will be difficult in 2026, but starting in 2027, there is every hope for growth for the Romanian economy,\u201d Nicusor Dan said.\u00a0<\/p>\n

Until then, a series of increased taxes will further pressure the personal budgets of Romanians. For example, a higher property tax will come into force on January 1, 2026. In the summer, the Romanian government also increased the VAT from 19% to 21%, which led to price hikes<\/a> down the line already this year.<\/p>\n

The sense that other fiscal changes are in the making induced a sense of uncertainty in the local business environment as well, putting a halt to new hires and investments.<\/p>\n

radu@romania-insider.com<\/a><\/em><\/p>\n

(Photo source: Nicusor Dan on Facebook)<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7744","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/7744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7744"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/7744\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}