Article

Romania's government, led by Prime Minister Ilie Bolojan, has enacted budget reforms to address a projected 9.3% GDP deficit in 2024, including raising the VAT and dividend tax rates. Tensions within the ruling coalition have emerged over public administration spending cuts and contentious justice system reforms, while key prosecutor appointments are anticipated this year. Additionally, Romania has secured defense contracts with France, Turkey, and the Netherlands amid the ongoing conflict in Ukraine and aims to attract EUR 15 billion in EU funds for infrastructure projects.