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Romanian Finance Minister Alexandru Nazare confirmed that property taxation based on market value will not be implemented in 2027. This decision will be reviewed gradually as Romania aims to return to a 3% budget deficit target. Nazare emphasized that rumors about a significant tax increase were unfounded. Discussions with the European Commission regarding this measure were part of the renegotiation of the National Recovery and Resilience Plan (PNRR). Future decisions on property taxation will depend on comprehensive budget data and will be considered towards the end of the fiscal consolidation period.
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