Contact Members Join
AmCham Romania
Members only
Home |Privacy policy
AmCham Romania News Joint Call of the Business Community: Reforms Are Not Optional

Joint Call of the Business Community: Reforms Are Not Optional

AHK - Romanian-German Chamber of Commerce and Industry 

AMCHAM – American Chamber of Commerce for Romania  

AOAR – Romanian Businessmen Association   

BEROCC – Belgian, Luxembourg, Romanian, Moldovan Chamber of Commerce  

CCIBRP – Romania – Portugal Bilateral Chamber of Commerce 

CCIpR – Italian Chamber of Commerce for Romania  

CCE-R - Chamber of Commerce Switzerland - Romania  

HRCC – Hellenic Romanian Bilateral Chamber of Commerce 

NRCC – Netherlands Romanian Chamber of Commerce  

RBL – Romanian Business Leaders Foundation  

 

Business organizations are calling for the mobilization of the entire decision-making spectrum to support the reforms underpinning the strategic objectives for Romania's economic prosperity.

After a tense and prolonged electoral period, costly for the economy and the population, Romania can no longer afford to postpone the reforms necessary to embark on a path of construction, stabilization, and of rebuilding trust and credibility.

We express our deep concern that, in the absence of continuing the reforms, the turbulence in the political environment highly risks eroding the upside of the twin deficits adjustments generated by the fiscal-budgetary measures adopted in an emergency regime last year. The first wave of measures mainly targeting the private sector and the population, were to be complemented this year by necessary reforms and restructuring in the public sector and the administration as well as in state-owned companies, essential for correcting structural imbalances.

These reforms are not optional. They represent key criteria in strategic country projects, such as securing a significant share of PNRR funds, joining the OECD, and completing projects for the SAFE program.

In addition to capitalizing on these major, unique opportunities, the year 2026 was anticipated to be a year in which Romania would strengthen its economic profile and competitive advantages, in order to continue attracting investments, especially in strategic sectors relevant both to the domestic market and to its main economic partners.

In this context, focusing public policies on reforms and investments is essential, including from a budget execution perspective. This depends largely on the ability to attract European funds and improve revenue collection within a stable and predictable framework.

In parallel, Romania must respond to a complex external context, marked by geopolitical tensions and economic volatility. These external pressures amplify internal vulnerabilities and require coordination and a coherent response, appropriate to economic and social realities.

Any slowdown in economic activity, against the backdrop of these overlapping crises, directly affects the ability to meet budgetary targets and maintain macroeconomic stability. The consequences may be long-lasting, including the potential return of the sovereign risk rating downgrade, narrowly and with great effort avoided last year, and through additional pressures on the private sector.

The call of the business environment is clear: prioritize stability, accelerate reforms and maintain a constructive dialogue between all parties involved. Decisions during this period will have a direct impact on Romania's economic trajectory in the medium and long term.

>> Read in Romanian

More from AmCham Romania News

Previous Next