AOAR asks for predictability and stability in the business environment, not lower taxes

The Businessmen’s Association of Romania (AOAR) asks the Government for predictability and stability in the business environment, rather than tax exemptions.

”In 2017 we saw legislative initiatives that the business environment was never asked about. The business environment wants classic things: transparency, predictability, stability and equality before economic laws. Many of the measures we saw in 2017 were illogical,” Florin Pogonaru, AOAR President said in a press conference on Thursday.

The AOAR representatives have also drawn attention to the fact that Romanian companies need funding, having a fragile structure due to the high indebtedness and low profits.

Other AOAR proposals for the current Gov’t are targeting: fiscal consolidation for Romanian companies, keeping the VAT rate at 19 percent, returning to income tax from 10 percent to 16 percent, establishing energy crops on non-productive land a.s.o.

Pogonaru also releases a tough signal about 2018.

”2018 will be the year of populism’s revenge. (…) If we see dangers this year, we see at the level of local government financing, we see lack of funding, we see the responsible mayors of local governments in a continuous struggle with the Government, first through the Ministry of Finance,” AOAR President stated.

However, he welcomed Eugen Teodorovici’s presence as Minister of Finance, saying that this is a great progress compared to the previous minister (ed. note: Ionut Misa).