♦ The lack of fiscal stability affects the attracting of industrial investments at a time when the economy slows down, and the government relies on new taxes introduced overnight. Mihai Bordeanu, Managing Director Dacia Brand South Eastern Europe & Country Head Romania, warns that the increasing fiscal regulation changes discourage strategic decisions, while companies reduce or postpone their development plans.
The tax itself does not disturb, but the lack of predictability affects the investment plans, explains Mihai Bordeanu, Managing Director, Dacia, Brand South Eastern Europe & Country Head Romania and president of ACAROM, in an interview with ZF. «We cannot, as an economic system, have a thing that is guessing today, tomorrow is not, today it is for a year, but in fact it is for more, tomorrow we give up, but we do not give up. This embarrasses multinational companies in making strategic long -term decisions,» he explains. According to him, industrial plans cannot be repositioned from year to year: «We cannot make a strategy on a decade and take into account that in Romania there are taxes, but then we disappear. We lose when we compare ourselves as a place of production with Spain, Turkey or Morocco.» He points out that the budgets for 2026 are signed now, and the fiscal environment remains completely uncertain: «not even the year we know what we will have.» The Rabla program was another example of unpredictability that directly affected the car market. Delayed launch and drastic budget reduction – from almost 1.4 billion lei to 200 million – have produced significant losses for Dacia and the dealers. «He confused us terribly. If at the beginning of the year I assumed that we had 100 cars in the budget through Rabla, I sold 25,» says Mihai Bordeanu. He asks for a clear frame, for five years, or the public assumption of the lack of funds, so that the market can be adapted. In the industry, such uncertainties weigh hard. Romania competes with other markets for new projects, and the lack of tax stability can tilt the balance to its detriment. «Investment possibilities, production places, games are evaluated. This chaos with taxes could influence or postpone some decisions,» says Bordeanu about the plans to expand the production capacity in Mioveni.
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