AmCham Romania Raises Concerns Over New Fiscal Measures and Economic Uncertainty

The American Chamber of Commerce in Romania (AmCham Romania) has expressed concern over the Government’s newly proposed fiscal measures, set to take effect on January 1, 2025. The organization warns that the tight implementation timeline adds strain to the business environment, undermining economic predictability and investor confidence, CE Report quotes Agerpres

AmCham highlights that despite years of signaling the need for fiscal balance and structural reforms, insufficient action has exacerbated economic challenges. The Chamber emphasizes that sustainable solutions require transparent consultation with stakeholders and a commitment to reforms that foster growth and attract investment.

Members of AmCham acknowledge the necessity of corrective fiscal measures but criticize their abrupt introduction, lack of consultation, and absence of thorough impact analysis. Such an approach, they argue, risks discouraging crucial investments and deepening economic uncertainty.

The Chamber also points out the Government’s focus on curbing public expenditure growth without implementing meaningful administrative reforms to streamline spending. AmCham reiterates the importance of transparent dialogue and predictable decision-making as essential for boosting business confidence and ensuring sustainable economic development.

The Ministry of Finance’s proposed fiscal changes include eliminating tax benefits for certain sectors, raising dividend tax rates from 8% to 10%, and reducing the income threshold for microenterprises. These measures aim to address budgetary challenges but have sparked debate within the business community.

As a leading advocate for U.S.-Romanian economic ties, AmCham Romania calls for a balanced approach that prioritizes growth, investment, and fiscal stability.