The mix of administrative spending cuts and tax hikes starts with tax hikes. As of August 1, the standard VAT goes up from 19% to 21%, the food VAT from 9% to 11% and the power VAT from 5% to 11%, Romania’s Prime Minister Ilie Bolojan said on Wednesday.
Digital Keez SRL, the accounting tech startup held by Norway’s IT giant Visma, has announced that Stelian Trandafir has taken over as the company's new Chief Executive Officer (CEO), starting July 1, 2025.
Romania's tax administration ANAF collected RON245 billion in net tax revenue in the first half of 2025, which is 12.2% higher than the level reported in the same period of 2024.