Foreign investors in Romania advance national project to switch to euro

Romania Insider · 27.10.2026, 12:21:05

The Foreign Investors Council (FIC), an organization that represents approximately 120 of the largest foreign-owned companies in Romania, which together generate a combined turnover equivalent to approximately 20% of the country’s GDP, announced on Tuesday, October 27, its support for a national project for adopting the euro. The project would join together the Romanian executive, the National Bank, “and other key stakeholders, so that within 12 months a roadmap with annual targets for fiscal consolidation, inflation reduction, and structural and legal convergence can be drawn up,” according to a statement from the organization. The organization argued that the fiscal consolidation process must advance in parallel with measures to support economic growth and improve Romania’s competitiveness. “Romania should not have to choose between fiscal consolidation and economic growth. It needs both. For companies and investors, macroeconomic stability, predictable rules and the Government’s capacity to implement reforms are part of the same equation. We see encouraging convergence between several directions included in the governing programme and priorities FIC has consistently advocated. The real test, however, will be implementation,” said Ruxandra Băndilă, FIC Executive Director. According to the organization, the governing programme includes a series of recommendations previously made by foreign investors, including fiscal predictability, the promotion of strategic investment, the development of a competitive energy market, regulatory simplification, and the digitalization of public administration. “Together, these priorities demonstrate the need to restore Romania’s ability to attract capital while maintaining sound public finances,” the cited source stated. Regarding fiscal policy, FIC highlighted the importance of maintaining the flat tax, eliminating the minimum turnover tax from January 1, 2027, and establishing a predictable timetable for legislative changes affect