Romania Faces Tax Hikes After Presidential Elections: Bolojan's Warning

Romania Faces Tax Hikes After Presidential Elections: Interim President Bolojan's Warning Romania is bracing for potential tax increases following the upcoming presidential elections, according to interim President Ilie Bolojan. In a recent video statement, Bolojan highlighted the challenges of forming a stable government given the current political fragmentation in the Romanian Parliament. He emphasized the need for budgetary corrections, stating, "We cannot avoid some budgetary corrections because we can't continue like this." Bolojan's comments underscore the complexities of forming a governing coalition with seven distinct political groups, none holding more than 23% of parliamentary seats. He stressed the need for three groups to collaborate for a stable majority. "To form a stable majority, you need to bring three political groups to the table," Bolojan explained. He confirmed his participation in ongoing discussions to find a solution. Bolojan's statements signal the potential for difficult political negotiations and economic adjustments in the coming months.