The third quarter of 2025 was dominated by the efforts of the Government led by Prime Minister Ilie Bolojan to restore macroeconomic balance through firm, often unpopular measures. After a first semester marked by a deficit of 3.68% of GDP and the risk of losing European funds, the Executive adopted a large fiscal package in July: increasing the standard VAT rate to 21%, creating a single reduced rate of 11% for basic products, increasing excise duties on alcohol, tobacco and fuels, additional