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24 articles about economy
Fuel Crisis: How a 40% Price Rise Could Hit Pensioners' Budgets
Expert Dian Popescu warns that a fuel crisis could lead to dramatic price increases, severely impacting seniors' budgets.
Growth in Romania's External Debt Directly Impacts Pensioners' Income and Purchasing Power
Economic imbalance and a 24 billion euro increase in external debt are placing pressure on the state budget and, by extension, on the pension system.
Recession in 2026: How Romanian Pensioners and Elderly People Will Be Affected
63% of Romanians anticipate a recession in 2026. Seniors, dependent on pensions and social services, will be the most vulnerable to the economic crisis.
Electricity Bills Have Rocketed by 61%. How December Price Rises Are Hitting Pensioners
Electricity prices rose by over 60% last year, dealing a heavy blow to pensioners' budgets. Transport and food costs also increased.
Foto ilustrativăDrastic tax hikes: pensioners among those hardest hit by new property taxes
Pensioners are facing major difficulties paying the increased property taxes, with many unable to cope with the new amounts.
BNR Warning: Pensioners and Seniors Will Be Affected by the 2024 Austerity Measures
Viceguvernatorul BNR warns that Romanians must reduce their consumption, measures which will particularly impact pensioners on fixed incomes.
Fuel Price Rises: Significant Impact on Pensioners' Budgets
Fuel price rises of 30 bani per litre on petrol and diesel will affect pensioners who rely on transport to access medical and social services.
VAT Could Rise to 24% in 2026 - Major Impact on Pensioners and Senior Citizens
Raising VAT to 24% in 2026 would severely impact pensioners' purchasing power, with significant price increases on food and medicines.
Higher Property Taxes in 2026 - Major Impact on Senior Homeowners
The new market value-based taxation system could double or triple local taxes, severely impacting pensioners' budgets.
Gas bills rising by 35% - major impact for seniors on low pensions
The expiration of gas price caps in April could bring increases of up to 35% on bills, severely affecting pensioners' budgets.
Unemployment in Romania Reaches 6% – Impact on Pensioners and Families with Elderly Relatives
Rising unemployment reaching 6% in November 2025 is undermining families' ability to fund home care for elderly relatives.
Massive Errors in Tax Calculations Affecting Pensioners and Homeowners
Platforma ghișeul.ro is displaying wildly inaccurate tax figures, causing panic among taxpayers, including low-income seniors.
Foto ilustrativăFiscal Reform Raises Vehicle Taxes on Hybrids by Over 1,400%
New fiscal regulations are eliminating incentives for eco-friendly vehicles, making hybrids considerably more expensive to run.
Warning: VAT Could Rise to 24%, Significant Impact on Pensioners
Financial analysts are warning that VAT could rise to 24%, severely affecting the purchasing power of seniors.
Adoption of the euro in Romania delayed by 5–7 years – impact on pensioners' savings and pensions
Mugur Isărescu estimates that Romania will adopt the euro only in 2030–2035, with high inflation continuing to erode pensioners' purchasing power in the meantime.
Property Taxes Have Risen Dramatically — Pensioners Hit Hardest
Ghișeul.ro (Romania's official online payment portal) crashed under the pressure of Romanians who discovered increases of up to 100% in property taxes. Pensioners are facing bills twice as high as before.
Romania Far From the Euro: Budget Deficit Stands in the Way of Single Currency Adoption
Although 59% of Romanians support adopting the euro, the country has the largest budget deficit in the EU and does not meet the required convergence criteria.
Rising fuel prices in January 2025 hit pensioners with higher transport costs
Increasing excise duties on petrol and diesel by 30–35 bani per litre will drive up transport costs and food prices for seniors.
Foto ilustrativăPrice hikes from 1 January: pensions frozen as taxes and prices rise
The new year brings tax hikes and new levies, while Romanian pensioners' payments remain frozen throughout 2025.
Foto ilustrativăBistrița Dramatically Raises Taxes in 2026: Significant Impact on Pensioners
Bistrița Local Council has approved increases of up to 100% on various local taxes, directly impacting the budgets of pensioners and senior citizens.
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.