Romania’s technocrat PM pledges market-friendly reforms with continued austerity

Romania’s PM-designate Eugen Tomac outlined a plan for a technocratic government that will push pro-private-sector policies while maintaining austerity to reduce the budget deficit (targeting 6.2% in 2026 and 5.1% in 2027), promise no new taxes on labor or productive capital, deepen dialogue with business, accelerate energy projects and digital reforms, and meet nine reform milestones to unlock roughly €11 billion in EU funds by Aug. 31. He stressed cross-party cooperation to pass reforms, warned against using emergency measures if needed, and said he would resign as an MEP if confirmed, all as he works to secure parliamentary backing before the June 14 deadline and mitigate market instability.