Bucharest, January 14, 2025: Mihai Daraban, President of the Chamber of Commerce and Industry of Romania (CCIR), spoke at a press conference on the theme “What are we doing with Romania’s economy.” The event was organized by the National Chamber, the Association for Economic and Social Studies and Forecasts, and the Confederation “Romanian Patronage.”
The conference addressed significant issues affecting the Romanian economy, including the trade deficit for 2024, foreign investment levels, tax changes, and administrative reorganization.
Daraban emphasized the importance of reducing public spending to maintain a balanced budget that could offer tax facilities to investors. He noted that Romania needs investments in production lines for consumer goods. Despite high media consumption in Romania, no televisions are assembled locally.
“We are not Hungary,” Daraban remarked, highlighting that unlike Hungary, Romania lacks available land to offer strategic investors for factory construction. He pointed out that highly qualified labor is becoming scarce in Romania. “Thus, tax incentives would be the only thing we could still use to attract investors.”
However, Daraban questioned how tax incentives could be offered amid large budget deficits. “The Romanian State must understand that the capacity of the business environment to pay additional taxes has been somewhat exhausted and that the time has come to reduce public spending as much as possible,” he stated.
