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Coalition for Romania's Development calls on Gov't not to adopt avalanche of fiscal-budgetary measures, deemed unacceptable

Inquam Photos / Octav Ganea
eugen teodorovici

The avalanche of fiscal-budgetary measures announced a few days before the end of the year and with a significant impact on the entire economy is unacceptable, while being a symptom of a fracture between the government and the economic operators, the representatives of the Coalition for Romania's Development (CDR) consider. 

The CDR calls on the Romanian Government not to adopt this Emergency Ordinance and to allow for an ample space for public debate. 

"The rumors that have circulated in the last week were confirmed by the announcement of the Ministry of Public Finance, in the press conference held by Minister Eugen Teodorovici and by the publication of the proposals on the ministry's website. The business environment was presented 57 pages of substantial modifications, having only one day to study and understand them, all in the context in which only in 2018 the Fiscal Code has undergone over 200 modifications," CDR says in a press release sent to AGERPRES. 

CDR expresses its deep concern that over recent days the market has been flooded with these rumors of taxes that will be imposed on companies at the last minute and will be approved at this year's last government sitting. These measures refer to the tax on greed applied to financial-banking institutions, the decrease of the administration fee for the Pension Pillar II, the transfer by state companies of 35 percent of the amounts that were not invested, the capping of gas prices from domestic production and others. 

"Instead of destabilizing the economy through overnight measures, we encourage the government to collect the owed taxes and duties, as the budget balancing measure," the CDR representatives said. 

CDR is a private, apolitical initiative, built as a collaborative agreement through the collective participation of its members, and brings together 45 organizations and associate members. CDR members volunteer with the resources and expertise needed to formulate common views on public policies that impact on the business environment. The companies represented by the 25 CDR member organizations employ more than one million people and generate about 50 percent of the GDP.


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