Alexandru Nazare, Minister of Finance, signaled the risk of recession in Romania and explained the rise in inflation due to the removal of the energy cap.

Finance Minister Alexandru Nazare underlined the real risk of Romania falling into recession, pointing out that economic trends over the last four years have been worrying. He noted that inflation rose significantly after the removal of the energy price cap, leading to a negative market reaction. Nazare promised to look for solutions to prepare the economy for possible difficulties, adding that inflation will stabilize in December next year with fiscal consolidation measures.