Romania delays fiscal reforms as S&P reaffirms credit rating but warns of recession risk.

Romania's ruling coalition has pushed back the deadline for its second fiscal reform package to mid-August, which includes proposed taxes on capital and wealthy individuals. Despite this, S&P Global has reaffirmed Romania's credit ratings at 'BBB-/A-3', but maintains a negative outlook. The country's macroeconomic confidence indicator dropped sharply in June, indicating a heightened risk of recession. Meanwhile, Rom Honey Group is investing €2.6 million in new confectionery production machinery.