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economy news
24 articles about economy
Budget deficit falls to 6.4% of GDP, social spending and pensions up 11.7%
Romania reports budgetary improvements in 2025, with spending on pensions and social assistance reaching 229 billion RON, a significant increase.
Pensioners turn to foreign currency to protect savings against inflation
Romanians' savings in euros and dollars grew by 15%, while lei-denominated deposits lost purchasing power.
Romania, the Only EU Country with Falling Revenues in 2026 – Major Impact on Pensioners
Experts announce that Romania will be the only European country to see a fall in incomes in 2026, severely affecting pensioners and senior citizens.
Foto ilustrativăLiberalisation of the gas market from April 2026 - major impact on pensioners' bills
The end of gas price caps will bring increases of up to 35% for consumers, severely affecting pensioners' budgets.
Minimum wage rises by 275 RON, but pensioners receive just 119 RON more
From July 2026, the minimum wage will rise to 4,325 RON, yet after taxes employees will take home only 119 RON more, whilst the state pockets 150 RON.
Austerity Measures for 2026: Major Impact on Pensioners and Senior Citizens
The new package of government measures to reduce the deficit could affect social services and pensioners' incomes.
Gold Rose 48% in 2025: Major Impact on Senior Savings
Precious metals have reached historic highs, delivering substantial gains for retirees who invested in gold and silver.
BNR Warns: Risk of New Taxes Could Affect Pensioners and Seniors
The BNR's (National Bank of Romania) First Deputy Governor warns that a large budget deficit could lead to tax increases, directly affecting pensioners' incomes.
Romania Top of EU Budget Deficit Rankings – Impact on Pensions and Services for Seniors
The 8.4% of GDP budget deficit and public spending cut plans raise concerns over the sustainability of pensions and social services.
Foto ilustrativăBNR: Seniors and Romanians are paying off their debts, but companies are borrowing dangerously
BNR (National Bank of Romania) data shows that individuals, including pensioners, are managing their debts more effectively, while companies are accumulating record arrears.
Foto ilustrativăGas bills set to soar for pensioners: increases of up to 35% from April 2026
Seniors are facing new gas price hikes following the expiry of the price cap. The average bill will rise by nearly 40 RON per month.
New Taxes in 2026: Major Impact on Seniors and Pensioners
Guvernul pregătește majorări masive de taxe din 2026, inclusiv CASS pe pensiile mari și înghețarea pensiilor. The Government is preparing sweeping tax increases from 2026, including health insurance contributions (CASS) on higher pensions and a pension freeze.
Government Adviser: Romania Should Stop Tax Increases, Focus on ANAF Efficiency
The economic expert believes that the major fiscal adjustments are over, with the priority now being efficient tax collection and rigorous management of public funds.
Minimum Wage Rise Brings Unwanted Increases for Pensioners and Seniors
Noua majorare a salariului minim va genera automat scumpiri la amenzi, contribuții și alte obligații care afectează direct bugetele seniorilor. The new minimum wage increase will automatically trigger rises in fines, contributions and other obligations that directly affect seniors' budgets.
Property Taxes Rise by 90% in Baia Mare - Major Impact on Seniors with Small Pensions
Pensioners in Baia Mare are facing a dramatic rise in housing taxes in 2026, of nearly 90%.
Christmas 2024 Brings Major Financial Pressures for Romanian Pensioners
Price hikes of 10% on traditional products are prompting seniors to forgo their festive meals or buy in smaller quantities.
The Disappearance of Economist Mircea Coșea and the Impact of His Analyses on Pensioners
The passing of the renowned economist brings renewed focus to his concerns about austerity measures and their effects on senior citizens.
Hypermarkets fined by ANAF for inflated food prices ahead of the holidays
ANAF (Romania's National Tax Administration Agency) has fined 10 hypermarkets a total of 18 million RON for excessive mark-ups on basic food products.
Gas Bills Set to Rise for Seniors from April 2026. What Pensioners Need to Know
From April 2026, pensioners will pay the full price for gas, with no subsidies. ANRE (National Energy Regulatory Authority) requires suppliers to inform customers transparently.
Water Bills Rise by 20% – Major Impact for Pensioners on Low Incomes
Rises in water and sewerage tariffs will seriously affect pensioners' budgets, as they already spend a significant portion of their pension on utilities.
Over 2,000 Jobs Lost in Bihor – Major Impact on Pensioners and Families
The dramatic drop in county employment is directly affecting the incomes of families supporting elderly relatives, as well as the retirement prospects of future pensioners.
Heating Bills Rise Dramatically – Major Impact on Low-Income Pensioners
Specialists estimate increases of 150–250 RON on heating bills, severely affecting the budgets of pensioners on fixed incomes.
Electricity Bills Have Rocketed by 60% - Major Impact on Pensioners
Dramatic rises in energy costs are hitting the budgets of seniors on low pensions particularly hard, as they spend more time at home.
Foto ilustrativăInflation at 9.8% hits pensioners hard - services and medicines see steepest price rises
Inflation held steady at 9.8% in November, with services and non-food products rising by more than 10%, placing significant strain on pensioners' budgets.