This year will mark a shift in Romania’s development paradigm, moving the focus from a consumption-based economy to one based on massive investments and added value, according to Finance Minister Alexandru Nazare.
‘2026 must be the year in which we change Romania’s development paradigm and shift the focus from a consumption-based economy to one based on massive investments and added value – this is the central message conveyed in all recent technical discussions. Why are we doing this? Because Romania needs a long-term strategic direction, a predictable and responsible framework that stimulates investment, competitiveness and the creation of sustainable jobs. We are thus moving towards solid economic policies, grounded in concrete results rather than conjunctural measures, so that economic growth is healthy and balanced,’ the minister wrote on his Facebook page.
He announced that he has held consultations with the business community in preparation for the economic recovery programme, stressing that it is essential for a sustainable package of measures to include the state’s response to the concrete needs of the private sector.
‘In preparation for publishing the economic recovery measures programme, we recently conducted a substantial series of meetings and discussions with business community dialogue partners. It is essential that a sustainable package of measures to accelerate the economy includes the state’s response to the concrete needs of the private sector. That is why I thank all representatives of Concordia, Romanian Business Leaders (RBL), AmCham Romania and the Foreign Investors Council (FIC), as well as all other employers’ associations that submitted proposals and substantial feedback – all of these support aligning state support solutions with the real needs of the economy,’ Alexandru Nazare added.
The economic recovery package will be presented on Thursday for a first reading at the Government meeting and on Friday to the social partners within the Tripartite Council, Prime Minister Ilie Bolojan announced on Wednesday at a press conference.
According to the prime minister, the economic recovery package includes ‘corporate tax credit solutions, accelerated depreciation measures for the purchase of equipment, for example, support schemes for large investments, for areas with trade deficits, for areas where exports can be stimulated, as well as guarantee schemes, for example through the Investment and Development Bank.’ AGERPRES
