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24 articles about economy
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.
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%.