www.g4media.ro/iulian-lolea-economist-sef-al-confe

Iulian Lolea, chief economist at the Concordia Employers' Confederation, warns that Romania's business environment cannot handle new tax increases. Despite official intentions to avoid tax hikes in 2027, rising expenses for salaries, pensions, and investments may pressure the budget. Discussions with Prime Minister Luca Niculescu and Finance Minister Alexandru Nazare indicate a commitment to not raise taxes, but significant spending demands could lead to a situation where revenues are insufficient. Lolea emphasizes that any tax increases could hinder economic growth and potentially lead to job losses and higher unemployment.